Is Bombay Dyeing technically bullish or bearish?

Jul 24 2025 08:07 AM IST
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As of July 23, 2025, the trend is mildly bullish, supported by a bullish weekly MACD and strong recent performance, despite mixed signals from the RSI and moving averages.
As of 23 July 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, supported by the weekly MACD being bullish and the Bollinger Bands indicating bullish momentum. However, the weekly RSI remains bearish, suggesting some caution. The moving averages on a daily basis are mildly bearish, which contrasts with the overall bullish sentiment from the Dow Theory, which is mildly bullish on both weekly and monthly time frames. The stock has shown strong performance recently, with a 1-week return of 12.51%, significantly outperforming the Sensex. Overall, while there are mixed signals, the prevailing trend is mildly bullish.
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