Is Bombay Dyeing technically bullish or bearish?

Jun 28 2025 08:05 AM IST
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As of June 27, 2025, Bombay Dyeing's technical trend is mildly bearish, supported by mixed MACD signals, a bearish RSI on the weekly chart, and bearish moving averages, indicating a cautious approach is warranted.
As of 27 June 2025, the technical trend for Bombay Dyeing has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD on a weekly basis is mildly bullish, but the monthly MACD is mildly bearish, indicating mixed signals. The RSI on the weekly chart is bearish, while the monthly shows no signal, further supporting the bearish outlook. Moving averages on the daily chart are also mildly bearish. Additionally, the Dow Theory indicates a mildly bearish stance on the weekly timeframe, despite a mildly bullish signal on the monthly. Overall, the combination of these indicators suggests a cautious approach, with bearish momentum prevailing in the shorter term.
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