What is the technical trend for Chemfab Alka.?

Jun 09 2025 06:40 PM IST
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As of May 30, 2025, Chemfab Alka's technical trend is mildly bearish, influenced by bearish daily moving averages and mixed signals from MACD and Bollinger Bands.
As of 30 May 2025, the technical trend for Chemfab Alka has changed from sideways to mildly bearish. The weekly MACD indicates a mildly bullish stance, but the monthly MACD is mildly bearish, suggesting mixed signals. The daily moving averages are bearish, reinforcing the overall bearish sentiment. The weekly Bollinger Bands are bearish, while the monthly Bollinger Bands show a mildly bullish outlook. The KST is mildly bullish on the weekly but mildly bearish on the monthly, and the Dow Theory indicates a mildly bearish trend on the weekly with no trend on the monthly. The OBV shows a mildly bearish trend weekly but bullish monthly. Overall, the current stance is mildly bearish, driven primarily by the bearish daily moving averages and the mixed signals from the MACD and Bollinger Bands.
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