Is Steelcast technically bullish or bearish?

Aug 04 2025 08:00 AM IST
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As of August 1, 2025, the trend is mildly bullish due to supportive indicators like a bullish MACD and KST, but caution is advised due to a bearish monthly RSI.
As of 1 August 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on both weekly and monthly time frames, and mildly bullish signals from Bollinger Bands and daily moving averages. However, the monthly RSI indicates bearish momentum, which tempers the overall bullish outlook. The KST remains bullish on both weekly and monthly levels, reinforcing the mildly bullish sentiment. The Dow Theory shows a bullish trend on the weekly but no trend on the monthly, adding to the mixed signals. Overall, while there are bullish indicators, the bearish monthly RSI suggests caution.
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