Is Sh.Renuka Sugar technically bullish or bearish?

Nov 07 2025 08:14 AM IST
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As of November 6, 2025, the market trend is bearish with moderate strength, driven by bearish MACD and Bollinger Bands on both weekly and monthly time frames, despite a bullish monthly RSI.
As of 6 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include a bearish MACD on both the weekly and monthly time frames, bearish Bollinger Bands across both time frames, and a bearish daily moving average. While the monthly RSI shows bullishness, it is overshadowed by the overall bearish signals from other indicators. The Dow Theory indicates a mildly bearish trend on the weekly and mildly bullish on the monthly, reflecting mixed signals but leaning towards bearish in the short term.
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