Is Uttam Sug.Mills technically bullish or bearish?
As of October 16, 2025, Uttam Sug. Mills exhibits a mildly bearish trend, supported by bearish MACD indicators, neutral RSI readings, and Bollinger Bands, despite a conflicting mildly bullish signal from Dow Theory on the weekly chart.
As of 16 October 2025, the technical trend for Uttam Sug.Mills has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD is bearish on both the weekly and monthly time frames, while the RSI shows no signal in either time frame. Bollinger Bands indicate a mildly bearish trend on both weekly and monthly charts. Daily moving averages also reflect a mildly bearish sentiment. Although Dow Theory shows a mildly bullish stance on the weekly chart, it is bearish on the monthly chart, which adds to the overall bearish sentiment. The stock has underperformed against the Sensex in multiple time frames, particularly over the past year.
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