Is Shivalik Bimetal technically bullish or bearish?
As of October 23, 2025, the market trend is sideways with mixed indicators: the weekly MACD is bearish, the RSI shows bullish momentum, daily moving averages are mildly bullish, but both Bollinger Bands and KST are bearish, indicating a lack of clear direction.
As of 23 October 2025, the technical trend has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed indicators influencing this position. The weekly MACD remains bearish, while the weekly RSI indicates bullish momentum. Moving averages on the daily chart show a mildly bullish signal, but the Bollinger Bands and KST on the weekly chart are both mildly bearish. Additionally, Dow Theory reflects a mildly bearish stance on both weekly and monthly time frames. Overall, the strength of the indicators suggests a lack of clear direction, reinforcing the sideways trend.
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