Is Biocon technically bullish or bearish?

Jun 28 2025 08:03 AM IST
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As of June 27, 2025, Biocon's technical trend is mildly bullish, supported by a bullish weekly MACD and Bollinger Bands, despite mixed signals from other indicators suggesting some caution.
As of 27 June 2025, the technical trend for Biocon has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive sentiment, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward momentum. However, the daily moving averages are mildly bearish, suggesting short-term weakness. The KST shows a mildly bullish stance on the weekly chart but is mildly bearish on the monthly, and the Dow Theory indicates a mildly bullish trend on the monthly level. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands, despite some mixed signals from other indicators.
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