Is CG Power & Ind technically bullish or bearish?

Jun 24 2025 08:08 AM IST
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As of June 23, 2025, the market trend is mildly bearish, influenced by daily moving averages and weekly RSI, despite some bullish signals from the weekly MACD and Bollinger Bands.
As of 23 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the weekly RSI showing bearish momentum. Although the weekly MACD is bullish and Bollinger Bands are mildly bullish, the overall sentiment is tempered by the monthly MACD and KST being mildly bearish. The lack of clear trends in Dow Theory and OBV further supports a cautious outlook.
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