Is BHEL technically bullish or bearish?

Aug 07 2025 08:11 AM IST
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As of August 6, 2025, BHEL's technical trend has shifted to mildly bearish, supported by bearish indicators in the MACD, RSI, and KST across weekly and monthly time frames, despite a mildly bullish signal from daily moving averages.
As of 6 August 2025, the technical trend for BHEL has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by several key indicators: the MACD is mildly bearish on both the weekly and monthly time frames, the RSI is bearish on the weekly, and the KST is also mildly bearish. Additionally, the Dow Theory confirms a mildly bearish outlook on both weekly and monthly charts. Although the daily moving averages indicate a mildly bullish stance, the overall sentiment remains bearish due to the predominance of bearish signals in the longer time frames.
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