Is Sumitomo Chemi. technically bullish or bearish?

Oct 29 2025 08:22 AM IST
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As of 28 October 2025, the technical trend is mildly bearish, indicated by bearish MACD readings on both weekly and monthly charts, alongside a negative outlook from KST and Dow Theory, despite some mildly bullish daily moving averages.
As of 28 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD is bearish on the weekly chart and mildly bearish on the monthly chart, indicating a negative momentum. The KST and Dow Theory also reflect a mildly bearish outlook on both weekly and monthly time frames. Although the daily moving averages show a mildly bullish signal, this is overshadowed by the overall bearish sentiment in the weekly indicators. The stock has underperformed compared to the Sensex over multiple periods, further supporting the bearish stance.
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