Is Sh.Renuka Sugar technically bullish or bearish?

Oct 27 2025 08:08 AM IST
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As of October 24, 2025, Sh.Renuka Sugar's technical trend is bearish, supported by bearish MACD signals, negative moving averages, and a bearish KST, despite some short-term divergence in the weekly indicators.
As of 24 October 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Sh.Renuka Sugar is bearish, with a moderate strength indicated by several key factors. The MACD shows a bearish signal on the monthly chart, while the weekly MACD is mildly bullish, suggesting short-term divergence. The RSI on the monthly chart is bullish, but the weekly RSI shows no signal, indicating uncertainty. Moving averages on the daily chart are bearish, reinforcing the negative outlook. The KST is bearish on both weekly and monthly time frames, and Bollinger Bands are mildly bearish on both weekly and monthly charts. Overall, the combination of these indicators suggests a bearish sentiment in the market for Sh.Renuka Sugar.
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