Is Allied Blenders technically bullish or bearish?

Jul 09 2025 08:08 AM IST
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As of July 8, 2025, the market trend is bullish with strong indicators like a bullish MACD and moving averages, though caution is advised due to a bearish weekly RSI and a mildly bearish Dow Theory stance.
As of 8 July 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and the Bollinger Bands are also indicating bullish momentum. Daily moving averages are bullish, and the On-Balance Volume (OBV) is bullish on both weekly and monthly time frames. However, the weekly RSI is bearish, which suggests some caution. The Dow Theory indicates a mildly bearish stance on the weekly chart, but there is no trend on the monthly chart. Overall, the bullish indicators outweigh the bearish ones, suggesting a strong bullish sentiment in the current market.
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