Is Amara Raja Ener. technically bullish or bearish?
As of July 4, 2025, the market trend is mildly bearish, driven by bearish daily moving averages, mildly bearish Bollinger Bands and OBV, and mixed MACD signals, with overall performance showing a significant decline in stock returns compared to the Sensex.
As of 4 July 2025, the technical trend has changed from bearish to mildly bearish. The current technical stance is mildly bearish. Key indicators driving this stance include the daily moving averages which are bearish, and the weekly Bollinger Bands and OBV both indicating mildly bearish conditions. The MACD shows a mixed signal with weekly mildly bullish but monthly mildly bearish readings, while the Dow Theory presents a mildly bearish view on the weekly timeframe. Overall, the strength of the bearish sentiment is supported by the recent performance, with a significant decline in stock returns compared to the Sensex over various time frames.
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