Is Sh.Renuka Sugar technically bullish or bearish?
As of 29 October 2025, the trend is mildly bearish due to mixed signals from indicators like the weekly MACD and RSI, despite some bullish signs on the monthly charts.
As of 29 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD indicating mild bullishness, while the monthly MACD remains bearish. The RSI shows no signal on the weekly chart but is bullish on the monthly. Bollinger Bands and KST both reflect a mildly bearish outlook on the weekly, with KST bearish on the monthly as well. Moving averages on the daily are bearish, and the OBV is mildly bearish on the weekly. Overall, the mixed signals suggest a lack of strong bullish momentum, reinforcing the mildly bearish stance.
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