Is Azad Engineering technically bullish or bearish?
As of June 20, 2025, the trend is mildly bullish due to positive weekly MACD and KST signals, although caution is advised due to a mildly bearish weekly OBV and mixed Dow Theory signals.
As of 20 June 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the weekly MACD and KST indicators both showing bullish signals. The daily moving averages also reflect a mildly bullish condition. However, the weekly OBV is mildly bearish, indicating some selling pressure. The Dow Theory shows no trend on the weekly but is mildly bullish on the monthly, suggesting mixed signals. Overall, while there are positive indicators, the presence of bearish signals in the OBV and the recent price decline from the previous close indicates caution.
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