What is the technical trend for Bharat Road?
As of February 1, 2025, Bharat Road's technical trend has shifted to bearish, supported by negative indicators across multiple time frames, including MACD, moving averages, and KST, along with significant underperformance compared to the Sensex.
As of 1 February 2025, the technical trend for Bharat Road has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from multiple indicators. The MACD is bearish on both the weekly and monthly time frames, reinforcing the negative momentum. The daily moving averages also reflect a bearish trend. The KST is bearish across both weekly and monthly periods, while the Bollinger Bands indicate a mildly bearish outlook on the weekly and monthly charts. The Dow Theory shows a mildly bearish trend on the weekly but no trend on the monthly. Overall, the bearish sentiment is supported by the significant underperformance of the stock compared to the Sensex, particularly in the year-to-date and one-year returns.
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