Is Biocon technically bullish or bearish?
As of June 24, 2025, Biocon's technical trend has shifted to sideways, with mixed signals from indicators showing a neutral stance and a consolidation phase without clear bullish or bearish momentum.
As of 24 June 2025, the technical trend for Biocon has changed from mildly bullish to sideways. The current technical stance is neutral, reflecting a lack of strong directional movement. Key indicators include a bullish MACD on the weekly chart, but a mildly bearish MACD on the monthly chart, suggesting mixed signals. The Bollinger Bands indicate a mildly bullish stance on the weekly and bullish on the monthly, while the moving averages are mildly bearish on the daily. The KST shows a mildly bullish trend weekly but is mildly bearish monthly, and the Dow Theory indicates no trend on the weekly but mildly bullish on the monthly. Overall, the indicators suggest a consolidation phase with no clear bullish or bearish momentum.
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