Is Dr Reddy's Labs technically bullish or bearish?

Jun 24 2025 08:10 AM IST
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As of June 23, 2025, the market trend is neutral with mixed signals, showing a mildly bullish weekly MACD and Bollinger Bands, but bearish daily moving averages and indecision from RSI and OBV.
As of 23 June 2025, the technical trend has changed from mildly bullish to sideways. The current stance is neutral, with mixed signals across different indicators. The weekly MACD remains bullish, while the monthly MACD is mildly bearish. The Bollinger Bands indicate a mildly bullish trend on the weekly chart and bullish on the monthly chart. However, the daily moving averages are mildly bearish, and the KST shows a bullish weekly signal but mildly bearish monthly. The Dow Theory presents a mixed view, with a mildly bearish weekly stance and a mildly bullish monthly perspective. Overall, the lack of strong signals from the RSI and OBV suggests indecision in the market, reinforcing the neutral stance.
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