Is Bombay Dyeing technically bullish or bearish?
As of June 27, 2025, Bombay Dyeing's technical trend is mildly bearish, driven by bearish daily moving averages and weekly RSI, despite some bullish signals from OBV.
As of 27 June 2025, the technical trend for Bombay Dyeing has changed from sideways to mildly bearish. The current technical stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish sentiment and the weekly RSI showing bearish momentum. While the weekly MACD and KST are mildly bullish, the overall monthly indicators, including MACD and Bollinger Bands, suggest a bearish outlook. Additionally, Dow Theory reflects a mildly bearish stance on the weekly chart. Despite some bullish signals from OBV on both weekly and monthly time frames, the prevailing indicators point towards a bearish sentiment in the current market context.
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