Is Bajaj Electrical technically bullish or bearish?
As of September 23, 2025, Bajaj Electrical's trend is mildly bearish with weak strength, indicated by bearish MACD and moving averages, while the On-Balance Volume suggests accumulation, leading to a cautious outlook.
As of 23 September 2025, the technical trend for Bajaj Electrical has changed from bearish to mildly bearish. The current stance is mildly bearish with weak strength. Key indicators include a bearish MACD on both weekly and monthly time frames, a bearish signal from Bollinger Bands on the weekly, and bearish moving averages on the daily. The RSI shows no signal on the weekly but is bullish on the monthly, indicating some divergence. Despite the bearish outlook, the On-Balance Volume (OBV) is bullish on both weekly and monthly time frames, suggesting some accumulation. Overall, the mixed signals indicate a cautious approach.
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