Is Thejo Engg. technically bullish or bearish?
As of October 17, 2025, the market trend is mildly bearish due to bearish signals from the MACD and Bollinger Bands, despite some daily bullish indicators, with the stock underperforming against the Sensex.
As of 17 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by bearish signals in the MACD and Bollinger Bands on both weekly and monthly time frames. The Dow Theory also indicates a mildly bearish outlook on both weekly and monthly charts. Although the daily moving averages show a mildly bullish signal, the overall strength is tempered by the bearish weekly KST and the lack of a clear signal from the monthly RSI. The stock has underperformed significantly compared to the Sensex over various periods, further supporting the bearish sentiment.
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