Is Ashok Leyland technically bullish or bearish?

Jun 28 2025 08:05 AM IST
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As of June 27, 2025, the trend has shifted to bullish, supported by positive daily moving averages and weekly MACD, though caution is advised due to mildly bearish monthly indicators.
As of 27 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with a strong indication from the daily moving averages and weekly MACD, both signaling positive momentum. Bollinger Bands are also bullish on both weekly and monthly time frames, reinforcing the upward trend. However, the monthly MACD and KST are mildly bearish, suggesting some caution in the longer term. Overall, the strength of the bullish trend is supported by the recent price action, with the stock outperforming the Sensex across multiple time frames.
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