What is the technical trend for G G Engineering?
As of December 11, 2024, G G Engineering's trend has shifted to bearish, supported by negative MACD, moving averages, and Bollinger Bands, with a year-to-date return of -68.18% compared to the Sensex.
As of 11 December 2024, the technical trend for G G Engineering has changed from mildly bearish to bearish. The current stance is bearish with strong indicators supporting this view. The MACD is bearish on both the weekly and monthly time frames, and the moving averages are also bearish on the daily chart. Additionally, Bollinger Bands and KST confirm a bearish outlook on the weekly and monthly time frames. The RSI shows no signal on the weekly but is bullish on the monthly, indicating some divergence. Overall, the bearish trend is reinforced by the significant negative returns over various periods compared to the Sensex, particularly the year-to-date return of -68.18%.
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