Is Deepak Nitrite technically bullish or bearish?

Jul 16 2025 08:07 AM IST
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As of July 15, 2025, the market trend is mildly bearish due to daily moving averages indicating bearish momentum, while mixed signals from weekly and monthly indicators suggest a lack of strong bullish momentum.
As of 15 July 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearish momentum, while the weekly MACD and KST show mildly bullish signals. However, the monthly MACD and KST remain bearish, and the Bollinger Bands suggest a bearish trend on the monthly chart. The absence of clear trends in both the Dow Theory and the RSI further supports a neutral outlook in the short term. Overall, the mixed signals indicate a lack of strong bullish momentum, reinforcing the mildly bearish stance.
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