What is the technical trend for Nandan Denim?
As of May 29, 2025, Nandan Denim's trend has shifted to mildly bearish, indicated by daily moving averages and monthly MACD, despite some mild bullish signals from weekly indicators, and the stock has underperformed against the Sensex year-to-date and over the past year.
As of 29 May 2025, the technical trend for Nandan Denim has changed from sideways to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish trend, while the monthly MACD and Bollinger Bands also reflect a bearish outlook. Despite the weekly MACD and KST showing mild bullish signals, the overall strength of the bearish indicators suggests caution. The stock has underperformed against the Sensex in the year-to-date and one-year periods, further supporting the bearish sentiment.
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