Is SKF India 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 bullish, supported by bullish MACD indicators and daily moving averages, but caution is advised due to bearish RSI readings on weekly and monthly time frames.
As of 3 November 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly and monthly MACD indicators, which remain bullish. However, the RSI readings on both weekly and monthly time frames are bearish, indicating some weakness. The Bollinger Bands also reflect a mildly bullish sentiment on both time frames. Daily moving averages are bullish, but the Dow Theory and OBV show no definitive trend. Overall, while there are some bullish indicators, the bearish RSI suggests caution in the current mildly bullish environment.
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