Is BEML Land Assets technically bullish or bearish?
As of June 23, 2025, BEML Land Assets shows a mildly bearish trend due to daily moving averages and weekly RSI indicating bearish momentum, despite some mildly bullish signals from the MACD and Bollinger Bands, compounded by significant underperformance relative to the Sensex.
As of 23 June 2025, the technical trend for BEML Land Assets has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating a bearish sentiment and the weekly RSI showing bearish momentum. Although the MACD on the weekly chart is mildly bullish and the Bollinger Bands on the weekly are also mildly bullish, these are overshadowed by the overall bearish indicators. The Dow Theory indicates no trend on the weekly but is mildly bullish on the monthly, which adds some complexity to the analysis. The stock's recent performance relative to the Sensex shows a significant underperformance over the year, further supporting the bearish outlook.
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