What is the technical trend for Nikhil Adhesives?
As of May 15, 2025, Nikhil Adhesives shows a mildly bearish trend, with mixed signals from the MACD and RSI, while Bollinger Bands and moving averages reinforce short-term weakness.
As of 15 May 2025, the technical trend for Nikhil Adhesives has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish, suggesting mixed signals. The RSI shows no signal on the weekly chart but is bullish on the monthly, indicating potential strength in the longer term. Bollinger Bands reflect a mildly bearish trend in both weekly and monthly time frames. Daily moving averages are also mildly bearish, reinforcing the short-term weakness. Dow Theory supports a mildly bullish outlook on the weekly and monthly charts. Overall, the current stance is mildly bearish, driven primarily by the mixed MACD signals and bearish moving averages.
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