Is Ashok Leyland technically bullish or bearish?

Jun 29 2025 08:04 AM IST
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As of June 27, 2025, the technical trend has shifted to bullish, supported by strong indicators like the weekly MACD and Bollinger Bands, although caution is advised due to mildly bearish monthly MACD and KST signals.
As of 27 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish. Daily moving averages also confirm a bullish trend. However, the monthly MACD and KST are mildly bearish, indicating some caution. Overall, the strength of the bullish trend is reinforced by the recent price action, with the stock outperforming the Sensex over various time frames, particularly in the 3-year and 5-year periods.
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