Is Shyam Metalics technically bullish or bearish?
As of September 4, 2025, the technical trend is mildly bullish, supported by bullish Bollinger Bands and daily moving averages, but tempered by mixed signals from the MACD and bearish indicators from Dow Theory and OBV.
As of 4 September 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by a combination of indicators. The weekly MACD remains bullish, while the monthly MACD is mildly bearish, indicating mixed signals. The Bollinger Bands are bullish on both weekly and monthly time frames, supporting the mildly bullish outlook. Daily moving averages are also mildly bullish. However, the weekly Dow Theory and OBV are mildly bearish, which tempers the overall bullish sentiment. The RSI shows no signals on both weekly and monthly time frames, suggesting a lack of momentum. Overall, the strength of the bullish stance is moderate, influenced by the mixed signals from various indicators.
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