Is Shri Venkatesh technically bullish or bearish?
As of October 17, 2025, the market trend is bullish with strong indicators like a bullish MACD and KST on both weekly and monthly time frames, despite some caution from the RSI and Dow Theory, and has seen an impressive 81.06% return over the past year.
As of 17 October 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and the KST is also bullish in both time frames. The daily moving averages confirm a bullish trend. While the RSI shows a bearish signal on the monthly time frame, the overall bullish sentiment is reinforced by the weekly Bollinger Bands being bullish and the monthly being mildly bullish. The Dow Theory indicates a mildly bearish stance on the weekly but shows no trend on the monthly, which adds some caution. Overall, the strength of the bullish trend is supported by the recent price movement, with a significant return of 81.06% over the past year compared to the Sensex's 3.64%.
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