Is Amara Raja Ener. technically bullish or bearish?

Jul 07 2025 08:04 AM IST
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As of July 4, 2025, the market trend is mildly bearish, supported by mixed signals from indicators like the MACD, Bollinger Bands, and moving averages across different time frames.
As of 4 July 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The weekly MACD shows a mildly bullish signal, but the monthly MACD is mildly bearish, indicating mixed signals across time frames. The Bollinger Bands and On-Balance Volume (OBV) are both mildly bearish on the weekly and monthly charts, reinforcing the bearish sentiment. Moving averages on the daily chart are bearish, further supporting the overall mildly bearish outlook. The Dow Theory indicates a mildly bearish stance on the weekly chart, while it is mildly bullish on the monthly chart, adding to the complexity of the current trend. Overall, the strength of the bearish sentiment is moderate, with some conflicting signals in the longer time frames.
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