Is Sh.Renuka Sugar technically bullish or bearish?

Oct 14 2025 08:17 AM IST
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As of October 13, 2025, the technical trend is bearish with moderate strength, supported by bearish moving averages and Bollinger Bands, despite some conflicting signals from the MACD and RSI.
As of 13 October 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. The weekly MACD is mildly bullish, but the monthly MACD is bearish, indicating conflicting 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 price action. Moving averages on the daily chart are bearish, reinforcing the negative outlook. Bollinger Bands are bearish on the weekly and mildly bearish on the monthly, indicating price pressure. KST is bearish across both time frames, and Dow Theory shows no trend, suggesting a lack of clear direction. Overall, the bearish indicators dominate, leading to a bearish stance.
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