Is Beta Drugs Ltd technically bullish or bearish?

Jul 03 2025 08:09 AM IST
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As of July 2, 2025, Beta Drugs Ltd shows a mildly bearish trend, supported by weekly and monthly MACD and KST indicators, while daily moving averages confirm bearishness, and mixed signals from Bollinger Bands and Dow Theory suggest a cautious outlook.
As of 2 July 2025, the technical trend for Beta Drugs Ltd has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly and monthly MACD and KST indicators, both indicating a mildly bearish outlook. The daily moving averages also confirm a bearish trend. While the Bollinger Bands show a sideways movement on the weekly chart, they are mildly bullish on the monthly chart, suggesting some potential for upward movement. The Dow Theory indicates a mildly bearish stance on the weekly but mildly bullish on the monthly, adding to the mixed signals. Overall, the strength of the bearish sentiment is moderate, with key indicators supporting a cautious outlook.
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