Is Azad Engineering technically bullish or bearish?

Jun 22 2025 08:05 AM IST
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As of June 20, 2025, the technical trend is mildly bullish, supported by a bullish MACD and moving averages, despite some mixed signals from other indicators like the OBV.
As of 20 June 2025, the technical trend has changed from bullish to mildly bullish. The weekly MACD remains bullish, supporting a positive outlook, while the daily moving averages also indicate a mildly bullish stance. The Bollinger Bands on a weekly basis are mildly bullish, suggesting some upward momentum. However, the weekly OBV is mildly bearish, indicating some selling pressure. The Dow Theory shows no trend on a weekly basis but is mildly bullish on a monthly basis. Overall, the current technical stance is mildly bullish, driven primarily by the bullish MACD and moving averages, despite some mixed signals from other indicators.
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