Is Ashok Leyland technically bullish or bearish?

Aug 07 2025 08:11 AM IST
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As of August 6, 2025, Ashok Leyland's technical trend is mildly bullish, supported by the weekly MACD and Bollinger Bands, despite mixed signals from monthly indicators.
As of 6 August 2025, the technical trend for Ashok Leyland has changed from bullish to mildly bullish. The weekly MACD is bullish, while the monthly MACD is mildly bearish, indicating mixed signals across time frames. The Bollinger Bands are bullish on the weekly and mildly bullish on the monthly, suggesting some upward momentum. The daily moving averages are mildly bullish, supporting a positive short-term outlook. However, the monthly KST is mildly bearish, and the Dow Theory shows no trend on the weekly but mildly bullish on the monthly. Overall, the current stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands, despite some bearish signals in the monthly indicators.
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