Is BF Utilities technically bullish or bearish?

Jun 24 2025 08:08 AM IST
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As of June 23, 2025, the market trend is mildly bearish, influenced by daily moving averages and monthly indicators, despite some mild bullish signals from weekly metrics, reflecting a cautious outlook due to a significant year-to-date decline.
As of 23 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish trend and the monthly MACD and Bollinger Bands also reflecting a bearish outlook. While the weekly MACD and KST show mild bullishness, the overall sentiment remains negative due to the recent price action and the significant year-to-date decline of 21.14% compared to the Sensex. The lack of strong signals from the RSI and the mixed signals from Dow Theory further support a cautious stance.
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