Is Elecon Engg.Co technically bullish or bearish?

Jul 07 2025 08:04 AM IST
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As of July 4, 2025, the technical trend is bullish, supported by strong daily moving averages and weekly MACD, although caution is advised due to mildly bearish monthly indicators.
As of 4 July 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish, with strong indicators supporting this view. The daily moving averages are bullish, and the weekly MACD is also bullish, reinforcing the positive momentum. The On-Balance Volume (OBV) is bullish on both weekly and monthly time frames, indicating strong buying pressure. However, the monthly MACD and KST are mildly bearish, suggesting some caution in the longer term. Overall, the strength of the bullish stance is supported by the daily moving averages and the weekly indicators, despite some mixed signals from the monthly data.
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