Is Sh.Renuka Sugar technically bullish or bearish?

Nov 04 2025 08:45 AM IST
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As of November 3, 2025, the market trend is mildly bearish, influenced by daily moving averages and Bollinger Bands, while mixed signals from the MACD and RSI indicate overall uncertainty.
As of 3 November 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating bearish momentum. The weekly MACD shows mildly bullish signals, but the monthly MACD remains bearish, creating a mixed outlook. The RSI on the monthly timeframe is bullish, yet the weekly RSI shows no signal, contributing to the overall uncertainty. Bollinger Bands are mildly bearish on both weekly and monthly charts, reinforcing the bearish sentiment. Additionally, both KST and Dow Theory indicate no clear trend on the monthly timeframe. Overall, the indicators suggest a weak bearish stance with some conflicting signals.
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