Is Biocon technically bullish or bearish?

Jun 10 2025 08:11 AM IST
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As of June 9, 2025, Biocon's technical trend is neutral with mixed signals; while the weekly MACD and Bollinger Bands indicate mild bullishness, the monthly MACD and daily moving averages suggest bearishness, resulting in a lack of strong conviction in either direction.
As of 9 June 2025, the technical trend for Biocon has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across different indicators. The weekly MACD is mildly bullish, while the monthly MACD is mildly bearish, indicating a divergence in momentum. The Bollinger Bands are bullish on both weekly and monthly time frames, suggesting potential upward movement. However, the daily moving averages are mildly bearish, which could limit short-term gains. The KST shows a mildly bullish trend weekly but is bearish monthly, and the OBV is bullish monthly but shows no trend weekly. Overall, the indicators suggest a lack of strong conviction in either direction, leading to a neutral stance.
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