Is Sh.Renuka Sugar technically bullish or bearish?
As of October 7, 2025, the market trend is mildly bearish, with mixed signals from indicators like the MACD and RSI, suggesting limited upward momentum despite some bullish signs.
As of 7 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish with some mixed signals. The weekly MACD is mildly bullish, but the monthly MACD remains bearish, indicating a divergence in momentum. The RSI shows no signal on the weekly chart while being bullish on the monthly, suggesting potential for upward movement but lacking immediate strength. Bollinger Bands are mildly bearish on both weekly and monthly time frames, reinforcing the bearish sentiment. Daily moving averages are also mildly bearish. KST and Dow Theory indicate bearish conditions on the weekly and monthly charts, with no clear trend. Overall, the indicators suggest a mildly bearish outlook with limited upward momentum.
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