Is Biocon technically bullish or bearish?

Jul 02 2025 08:10 AM IST
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As of July 1, 2025, Biocon's technical trend is neutral with mixed signals: weekly indicators show bullish momentum while monthly indicators are mildly bearish, reflecting a lack of strong directional movement.
As of 1 July 2025, the technical trend for Biocon has changed from mildly bullish to sideways. The current stance is neutral, with mixed signals across different time frames. The weekly MACD is bullish, while the monthly MACD is mildly bearish, indicating a divergence in momentum. The Bollinger Bands are bullish on both weekly and monthly charts, suggesting potential upward movement. However, daily moving averages are mildly bearish, which tempers the overall outlook. The KST is bullish weekly but mildly bearish monthly, and Dow Theory shows a mildly bearish stance on the weekly chart with no trend on the monthly. Overall, the indicators reflect a lack of strong directional momentum, leading to a neutral assessment.
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