What is the technical trend for Encode Packaging?
As of June 6, 2025, Encode Packaging's technical trend has shifted to bearish, driven by negative signals from the MACD, KST, and moving averages, despite a mildly bullish indication from Dow Theory.
As of 6 June 2025, the technical trend for Encode Packaging has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this assessment include the weekly MACD and KST both showing bearish signals, alongside daily moving averages indicating a bearish trend. The Bollinger Bands are also mildly bearish on both weekly and monthly time frames. Despite the Dow Theory showing a mildly bullish signal on the weekly chart, the overall technical picture remains negative, particularly with the stock's recent performance against the Sensex and its significant decline over the past year.
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