Is Eicher Motors technically bullish or bearish?

Jun 23 2025 08:03 AM IST
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As of June 20, 2025, Eicher Motors shows a mildly bullish trend, supported by daily moving averages and Bollinger Bands, despite mixed signals from weekly indicators like the MACD and KST.
As of 20 June 2025, the technical trend for Eicher Motors has changed from bullish to mildly bullish. The current stance is mildly bullish, with key indicators supporting this view. The weekly MACD is mildly bearish, but the monthly MACD remains bullish, indicating some divergence in time frames. The daily moving averages are bullish, which supports the upward price movement. Bollinger Bands are bullish on both weekly and monthly charts, suggesting that the price is maintaining strength. However, the weekly KST is bullish while the monthly is mildly bearish, indicating mixed signals. The Dow Theory shows a mildly bullish stance on the weekly chart, but no trend on the monthly. Overall, while there are some bearish signals in the weekly indicators, the overall trend remains mildly bullish, driven primarily by the daily moving averages and Bollinger Bands.
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