Is Elecon Engg.Co technically bullish or bearish?

Jul 10 2025 08:06 AM IST
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As of July 9, 2025, the trend is bullish with strong weekly indicators, although caution is advised due to mildly bearish monthly MACD and KST signals.
As of 9 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with a strong emphasis on the weekly indicators. The MACD is bullish on the weekly timeframe, and Bollinger Bands also indicate a bullish trend on both weekly and monthly charts. The daily moving averages support this bullish outlook. However, the monthly MACD and KST are mildly bearish, suggesting some caution. Overall, the strength of the bullish trend is reinforced by the weekly OBV being bullish, while the Dow Theory indicates a mildly bullish stance on the weekly timeframe.
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