Is Bharat Bijlee technically bullish or bearish?

As of 23 June 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the daily moving averages indicating bearishness, along with the Bollinger Bands showing bearish trends on both weekly and monthly time frames. The MACD on a weekly basis is mildly bullish, but the monthly perspective remains mildly bearish, suggesting a lack of strong upward momentum. Additionally, the KST is mildly bullish weekly but also mildly bearish monthly, further indicating mixed signals. Overall, the bearish trend is reinforced by the negative returns over the past week, month, and year compared to the Sensex.