Is Asian Paints technically bullish or bearish?

Sep 23 2025 08:09 AM IST
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As of September 22, 2025, the market trend is mildly bullish, supported by bullish MACD and RSI indicators, though mixed signals from Bollinger Bands and KST suggest caution.
As of 22 September 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on the weekly timeframe and a bullish RSI on the monthly timeframe. However, the Bollinger Bands indicate a mildly bullish signal on the weekly but bearish on the monthly, which presents mixed signals. The moving averages on the daily are bullish, while the KST shows bullish on the weekly but bearish on the monthly. Dow Theory indicates a mildly bullish stance on the monthly, with no clear trend on the weekly. Overall, the indicators suggest a mildly bullish outlook, albeit with some caution due to the mixed signals from Bollinger Bands and KST.
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