Is Thejo Engg. technically bullish or bearish?
As of September 26, 2025, the technical trend is mildly bearish, indicated by bearish signals from the weekly MACD and Bollinger Bands, despite a mildly bullish daily moving average, with the stock underperforming the Sensex in 1Y and YTD returns.
As of 26 September 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and Bollinger Bands both indicating bearish signals. The KST is also mildly bearish on the weekly timeframe. While the daily moving averages show a mildly bullish signal, this is overshadowed by the overall bearish indicators on the weekly and monthly charts. The stock has underperformed significantly compared to the Sensex over various periods, particularly in the 1Y and YTD returns, further supporting the bearish outlook.
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