Is Danish Power technically bullish or bearish?

Oct 07 2025 08:17 AM IST
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As of October 6, 2025, the trend for Danish Power is mildly bearish, indicated by bearish momentum from the MACD and Bollinger Bands, while the weekly RSI shows some bullish strength, suggesting caution due to mixed signals in the market.
As of 6 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and Bollinger Bands, both indicating bearish momentum. The daily moving averages also confirm a bearish outlook. However, the weekly RSI shows bullish strength, suggesting some upward pressure despite the overall bearish sentiment. The Dow Theory and OBV indicate no clear trend, further supporting a neutral stance in the absence of strong directional movement. Overall, the mixed signals suggest caution in the current market environment for Danish Power.
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