Is BHEL technically bullish or bearish?
As of June 26, 2025, the market trend is bullish with strong daily and weekly indicators, despite some bearish signals from the weekly RSI and monthly MACD suggesting potential short-term weakness.
As of 26 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The daily moving averages are bullish, and both the weekly Bollinger Bands and On-Balance Volume (OBV) are also bullish. However, the weekly MACD is bullish while the monthly MACD is mildly bearish, indicating some divergence in longer time frames. The weekly RSI is bearish, suggesting potential short-term weakness. Overall, the bullish signals from the daily and weekly indicators outweigh the bearish signals, indicating a strong bullish sentiment in the current market context.
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