Is Axis Bank technically bullish or bearish?
As of August 7, 2025, the market trend is mildly bearish due to bearish signals from the weekly MACD and KST indicators, despite some bullishness in daily moving averages, suggesting a cautious approach is advisable.
As of 7 August 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and KST indicators both signaling bearish momentum. The Bollinger Bands also reflect a mildly bearish outlook on both weekly and monthly time frames. While the daily moving averages show a mildly bullish trend, this is overshadowed by the overall bearish signals from the weekly indicators. The RSI shows no significant signals, indicating a lack of momentum in either direction. Overall, the combination of these indicators suggests a cautious approach is warranted.
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