Is Ashok Leyland technically bullish or bearish?

Oct 08 2025 08:10 AM IST
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As of October 7, 2025, the trend is bullish with strong indicators like a bullish MACD and moving averages, though caution is advised due to a mildly bearish KST and Dow Theory on the weekly.
As of 7 October 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and the moving averages on the daily chart also indicate a bullish trend. The Bollinger Bands show a bullish signal on the weekly and mildly bullish on the monthly. However, the KST is mildly bearish on the monthly, and Dow Theory indicates a mildly bearish stance on the weekly, suggesting some caution. Overall, the strength of the bullish trend is reinforced by the positive OBV on the weekly.
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