Is Adani Power technically bullish or bearish?

Jun 25 2025 09:27 AM IST
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As of June 24, 2025, the trend has shifted to mildly bullish due to positive short-term indicators, but mixed signals from longer timeframes suggest caution.
As of 24 June 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven by a bullish MACD on the weekly timeframe and a mildly bullish signal from the daily moving averages. However, the monthly indicators, including MACD and Bollinger Bands, remain mildly bearish, indicating some caution. The KST is bullish on the weekly but mildly bearish monthly, and the Dow Theory shows a mildly bullish stance on the monthly timeframe. Overall, while there are positive signals in the short term, the mixed signals from longer timeframes suggest a need for careful monitoring.
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