Is Devyani Intl. technically bullish or bearish?

Sep 06 2025 08:07 AM IST
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As of September 5, 2025, the market trend has shifted to mildly bullish, supported by positive indicators like a bullish MACD and signals from Bollinger Bands, although daily moving averages remain mildly bearish, suggesting a cautious outlook.
As of 5 September 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on the weekly chart and bullish signals from Bollinger Bands on both weekly and monthly time frames. The Dow Theory also indicates a mildly bullish outlook on both weekly and monthly charts. However, the daily moving averages remain mildly bearish, which tempers the overall bullish sentiment. The KST shows a mildly bearish trend on the weekly and bearish on the monthly, indicating some caution. Overall, the strength of the bullish stance is moderate, influenced by the positive movement in the OBV on both weekly and monthly time frames.
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