What is the technical trend for Shalimar Wires?

Jun 09 2025 05:35 PM IST
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As of June 3, 2025, Shalimar Wires shows a neutral technical stance with mixed signals, as the weekly MACD is mildly bullish while the monthly MACD is mildly bearish, despite a recent 9.27% price increase compared to the Sensex's 1.33%.
As of 3 June 2025, the technical trend for Shalimar Wires has changed from mildly bearish to sideways. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals. The daily moving averages are mildly bearish, which contrasts with the weekly Bollinger Bands showing a bullish trend. The KST and Dow Theory both reflect a mildly bullish outlook on the weekly timeframe. Overall, the current technical stance is neutral, with strength indicated by the recent price action, including a notable return of 9.27% over the past week compared to the Sensex's 1.33%.
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