Is CG Power & Ind technically bullish or bearish?

Jun 23 2025 08:02 AM IST
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As of June 20, 2025, the market trend is neutral with mixed signals, showing a sideways movement due to conflicting indicators like a bullish weekly MACD and a bearish weekly RSI, alongside bullish Bollinger Bands and mildly bearish daily moving averages.
As of 20 June 2025, the technical trend has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed signals across different indicators. The weekly MACD is bullish, while the monthly MACD is mildly bearish, indicating conflicting momentum. The weekly RSI is bearish, suggesting weakness, but the monthly RSI shows no signal. Bollinger Bands are bullish on both weekly and monthly time frames, which supports potential upward movement. Moving averages on the daily are mildly bearish, adding to the uncertainty. Overall, the lack of a clear trend in Dow Theory and mixed signals from other indicators suggest a sideways movement with no strong bullish or bearish bias at this time.
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