Is Sunita Tools Ltd technically bullish or bearish?

Jun 22 2025 08:05 AM IST
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As of June 20, 2025, Sunita Tools Ltd shows a mildly bearish technical trend, primarily indicated by the weekly MACD and moving averages, despite mixed signals from Dow Theory and bullish Bollinger Bands.
As of 20 June 2025, the technical trend for Sunita Tools Ltd has changed from sideways to mildly bearish. The weekly MACD indicates a mildly bearish stance, while the daily moving averages also reflect a mildly bearish position. The Dow Theory shows a mixed signal with a mildly bullish weekly outlook but a mildly bearish monthly perspective. The Bollinger Bands are bullish on both weekly and monthly time frames, which contrasts with the overall bearish indicators. The RSI shows no signal on both weekly and monthly charts, indicating a lack of momentum. Overall, the current technical stance is mildly bearish, driven primarily by the MACD and moving averages.
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