Is Biocon technically bullish or bearish?

Jun 29 2025 08:02 AM IST
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As of June 27, 2025, Biocon's technical trend is mildly bullish, supported by positive weekly MACD and Bollinger Bands, though caution is advised due to mixed signals from other indicators.
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 outlook, 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 weekly but is mildly bearish monthly, and the Dow Theory indicates a mildly bullish trend on the monthly chart. Overall, the current technical stance is mildly bullish, driven primarily by the bullish signals from the weekly MACD and Bollinger Bands, despite some mixed signals from other indicators.
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