Is Sh.Renuka Sugar technically bullish or bearish?

Oct 07 2025 08:13 AM IST
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As of October 6, 2025, Sh.Renuka Sugar's technical outlook is bearish with moderate strength, indicated by bearish moving averages and mixed MACD signals, despite some bullish potential in the RSI on the monthly chart.
As of 6 October 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Sh.Renuka Sugar is bearish with moderate strength. The weekly MACD is mildly bullish, but the monthly MACD is bearish, indicating mixed signals. The RSI shows no signal on the weekly chart but is bullish on the monthly, suggesting potential for upward movement that is not currently reflected in the price action. Moving averages on the daily chart are bearish, reinforcing the negative sentiment. Additionally, both the KST and Bollinger Bands are bearish on the weekly and monthly time frames. The stock has underperformed significantly compared to the Sensex over multiple periods, further supporting the bearish outlook.
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