Is Ashok Leyland technically bullish or bearish?

Jun 10 2025 08:15 AM IST
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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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