Is BHEL technically bullish or bearish?
As of September 17, 2025, the trend is mildly bullish due to daily moving averages, but caution is advised as weekly indicators like MACD and Bollinger Bands show mixed signals.
As of 17 September 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum. However, the weekly MACD and KST remain bearish, which suggests caution. The weekly Bollinger Bands also reflect a mildly bearish outlook, while the Dow Theory indicates a mildly bullish trend. The OBV shows mild bullishness on the weekly timeframe, reinforcing the overall mildly bullish sentiment. Despite the recent price action, the mixed signals from the longer-term indicators suggest a need for careful monitoring.
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