Is Shivalik Bimetal technically bullish or bearish?
As of October 24, 2025, the market trend is mildly bearish, indicated by bearish signals from the weekly MACD, KST, and Bollinger Bands, despite some bullishness in daily moving averages and a bullish RSI on the weekly timeframe.
As of 24 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and KST indicators both showing bearish signals, while the monthly MACD is mildly bearish. The Bollinger Bands also indicate a bearish trend on the monthly timeframe. Although the daily moving averages are mildly bullish, the overall sentiment remains negative due to the prevailing bearish indicators on the weekly and monthly charts. The RSI on the weekly timeframe is bullish, but this is not enough to offset the bearish signals from other indicators.
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