Is Venus Pipes technically bullish or bearish?
As of October 16, 2025, the technical trend is mildly bearish, influenced by mixed MACD signals and bearish indicators from Bollinger Bands and moving averages, alongside significant underperformance compared to the Sensex.
As of 16 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD indicating mild bullishness, while the monthly MACD shows mild bearishness. The Bollinger Bands and moving averages are bearish on the weekly and daily time frames, contributing to the overall bearish sentiment. The KST is also mildly bearish on the weekly, and there are no clear trends in the Dow Theory or OBV across both time frames. The stock has underperformed significantly compared to the Sensex over the past year and year-to-date, further supporting the bearish outlook.
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