Is Cyient DLM technically bullish or bearish?

Jul 24 2025 08:07 AM IST
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As of July 23, 2025, the technical trend is mildly bearish due to bearish daily moving averages and RSI, despite some mixed signals from the MACD and Bollinger Bands.
As of 23 July 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by several key indicators. The weekly MACD is mildly bullish, but the RSI is bearish, indicating weakness in momentum. The daily moving averages are bearish, reinforcing the negative outlook. Bollinger Bands show a mildly bullish signal on the weekly but bearish on the monthly, suggesting mixed signals. Dow Theory indicates a mildly bearish stance on the weekly, while the OBV is mildly bullish on both weekly and monthly time frames. Overall, the bearish indicators outweigh the bullish ones, leading to a mildly bearish sentiment.
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