Is EIH technically bullish or bearish?

Jun 24 2025 08:08 AM IST
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As of June 23, 2025, the technical trend has shifted to a bearish stance with moderate strength, supported by bearish indicators across multiple timeframes, despite a bullish weekly KST.
As of 23 June 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD is bearish, and the daily moving averages confirm this bearish outlook. The Bollinger Bands indicate a bearish trend on the monthly timeframe as well. Although the KST is bullish on a weekly basis, the overall indicators, including the monthly MACD and Dow Theory showing a mildly bearish trend, suggest a prevailing bearish sentiment. The stock has underperformed significantly compared to the Sensex across multiple timeframes, further reinforcing the bearish outlook.
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