Is Universal Cables technically bullish or bearish?

Oct 24 2025 08:16 AM IST
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As of October 23, 2025, Universal Cables shows a weak bearish sentiment with a sideways trend, supported by bearish signals from the MACD, RSI, and KST, despite some mixed indicators from Bollinger Bands and moving averages.
As of 23 October 2025, the technical trend has changed from mildly bullish to sideways. The current technical stance is bearish, with key indicators supporting this view. The MACD is mildly bearish on both weekly and monthly time frames, while the RSI indicates a bearish signal on the monthly chart. The Bollinger Bands show a mixed picture, being mildly bearish weekly but mildly bullish monthly. Moving averages are mildly bullish on the daily chart, but the KST and Dow Theory both indicate a mildly bearish stance on the weekly and monthly charts. Overall, the bearish signals from the MACD, RSI, and KST, combined with the sideways trend, suggest a weak bearish sentiment in the current market conditions for Universal Cables.
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