Is Unichem Labs. technically bullish or bearish?

Aug 19 2025 08:10 AM IST
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As of 18 August 2025, the market trend is mildly bearish, with mixed signals from various indicators, including a bearish weekly MACD, a bullish weekly RSI, and bearish daily moving averages, suggesting a lack of strong upward momentum despite some short-term strength.
As of 18 August 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish with mixed signals across different time frames. The weekly MACD is bearish while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The weekly RSI is bullish, suggesting some short-term strength, but the monthly RSI shows no signal, indicating uncertainty. Bollinger Bands are mildly bearish on the weekly and bearish on the monthly, reinforcing the overall bearish sentiment. Daily moving averages are bearish, which aligns with the longer-term trend. Dow Theory shows no trend on the weekly and mildly bearish on the monthly, further supporting the bearish outlook. Overall, while there are some bullish signals in the short term, the predominant indicators suggest a mildly bearish stance.
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