Is Eicher Motors technically bullish or bearish?
As of June 20, 2025, the trend is mildly bullish, supported by daily moving averages and Bollinger Bands, but mixed signals from MACD and OBV suggest a cautious outlook.
As of 20 June 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by a mix of indicators across different time frames. The weekly MACD is mildly bearish, while the monthly MACD remains bullish, indicating some divergence. The daily moving averages are bullish, supporting the upward momentum. Bollinger Bands are bullish on both weekly and monthly charts, suggesting price strength. However, the weekly KST is bullish while the monthly is mildly bearish, and the weekly OBV is mildly bearish, indicating some selling pressure. Overall, the mixed signals suggest a cautious bullish outlook.
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