Is SKF India technically bullish or bearish?

Oct 17 2025 08:10 AM IST
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As of October 16, 2025, the trend is bullish with strong support from various indicators, but the bearish RSI suggests caution regarding momentum strength.
As of 16 October 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish, supported by the weekly and monthly MACD, Bollinger Bands, KST, Dow Theory, and OBV all indicating bullish conditions. However, the RSI shows bearish signals on both weekly and monthly time frames, suggesting some weakness in momentum. The daily moving averages are also bullish. Overall, while the indicators lean bullish, the bearish RSI indicates caution in the strength of the bullish trend.
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