Is Automotive Axles technically bullish or bearish?

Jul 09 2025 08:05 AM IST
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As of July 8, 2025, the trend has shifted to mildly bullish, supported by positive indicators on the weekly chart, although caution is warranted due to bearish signals on the monthly timeframe.
As of 8 July 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on the weekly chart and bullish moving averages on the daily chart. However, the monthly MACD and KST remain bearish, indicating some caution. The Bollinger Bands show a mildly bullish signal on the weekly timeframe but bearish on the monthly. The overall strength is moderate, with the weekly OBV also indicating mild bullishness. Despite recent underperformance compared to the Sensex over various periods, the shift in trend suggests potential for upward movement.
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