Is Divine Power technically bullish or bearish?

Nov 04 2025 08:49 AM IST
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As of November 3, 2025, the trend is mildly bullish due to positive weekly MACD and moving averages, but caution is advised as bearish RSI readings indicate weakness in momentum despite a recent 52-week high.
As of 3 November 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly MACD and moving averages, which are both bullish. However, the weekly and monthly RSI readings are bearish, indicating some weakness in momentum. The Dow Theory remains bullish on both weekly and monthly time frames, supporting the overall positive outlook. Despite the recent price action reaching a 52-week high, the bearish RSI suggests caution. Overall, the strength of the bullish stance is tempered by the bearish momentum indicators.
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