Is Bharat Bijlee technically bullish or bearish?
As of 17 October 2025, the trend is mildly bullish, supported by bullish daily moving averages and a bullish weekly MACD, though mixed signals from the monthly MACD and Bollinger Bands temper the overall sentiment.
As of 17 October 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by a combination of indicators. The weekly MACD is bullish, while the monthly MACD is mildly bearish, indicating mixed signals. The RSI shows no signal on the weekly chart but is bullish on the monthly, suggesting potential for upward movement. Moving averages on the daily chart are bullish, supporting the mildly bullish outlook. However, the Bollinger Bands and KST present a mildly bearish stance on the monthly, which tempers the overall bullish sentiment. Dow Theory indicates a mildly bullish trend on both weekly and monthly time frames. Overall, the strength of the bullish sentiment is moderate, influenced by the mixed signals across different indicators.
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