Is Bharat Bijlee technically bullish or bearish?
As of June 20, 2025, Bharat Bijlee's trend is mildly bearish due to bearish daily moving averages and weekly Bollinger Bands, despite some mildly bullish signals from MACD and KST, indicating a lack of strong upward momentum and prevailing bearish sentiment.
As of 20 June 2025, the technical trend for Bharat Bijlee has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating bearishness and the weekly Bollinger Bands also showing a bearish signal. While the MACD and KST on the weekly time frame are mildly bullish, the overall indicators suggest a lack of strong upward momentum. The RSI shows no signal, indicating indecision in the market. Given the recent performance, with a significant decline in stock return compared to the Sensex over various periods, the bearish sentiment remains prevalent.
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