Is Ashok Leyland technically bullish or bearish?

Jun 30 2025 08:04 AM IST
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As of June 27, 2025, the technical trend has shifted to bullish, supported by strong weekly indicators despite some mild bearish signals on the monthly timeframe.
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, indicating upward momentum. Daily moving averages also confirm a bullish trend. Although the monthly MACD and KST are mildly bearish, the overall strength of the weekly indicators suggests a prevailing bullish sentiment. The Dow Theory indicates a mildly bullish stance on both weekly and monthly time frames.
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