Is Ashok Leyland technically bullish or bearish?
As of June 9, 2025, the trend is mildly bullish due to positive weekly MACD and Bollinger Bands, but mixed signals from monthly indicators and Dow Theory suggest caution.
As of 9 June 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by a bullish MACD on the weekly timeframe and bullish Bollinger Bands on both weekly and monthly timeframes. Daily moving averages also indicate a bullish trend. However, the monthly MACD and KST are mildly bearish, and the Dow Theory shows a mildly bearish signal on the weekly timeframe. Overall, the strength of the bullish stance is tempered by mixed signals in the longer-term indicators.
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