Is Veljan Denison technically bullish or bearish?
As of November 10, 2025, Veljan Denison's technical trend is mildly bearish due to negative MACD signals, bearish Bollinger Bands, and underperformance against the Sensex, despite some mildly bullish daily moving averages.
As of 10 November 2025, the technical trend for Veljan Denison has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by bearish signals in the MACD on both weekly and monthly time frames, along with bearish Bollinger Bands. The KST is also mildly bearish on the weekly and bearish on the monthly, while the Dow Theory indicates a mildly bearish outlook on the weekly but mildly bullish on the monthly. The daily moving averages show a mildly bullish signal, but this is overshadowed by the overall bearish indicators. The stock has underperformed significantly compared to the Sensex over multiple time frames, further supporting the bearish sentiment.
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