Is BHEL technically bullish or bearish?
As of June 9, 2025, BHEL's technical trend is mildly bearish, driven by a bearish weekly RSI and daily moving averages, despite a bullish weekly MACD and mildly bullish monthly Bollinger Bands.
As of 9 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance for BHEL is mildly bearish. Key indicators driving this stance include the weekly MACD being bullish while the monthly MACD is mildly bearish, and the weekly RSI indicating bearish momentum. Additionally, the daily moving averages are mildly bearish, which supports the overall bearish outlook. The Bollinger Bands show a mildly bullish trend on the monthly timeframe, but this is overshadowed by the prevailing bearish signals in other indicators.
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