Is Elgi Equipments technically bullish or bearish?

Jul 11 2025 08:04 AM IST
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As of July 10, 2025, Elgi Equipments shows a neutral technical stance with mixed signals, as weekly indicators suggest mild bullishness while monthly indicators lean bearish, resulting in a sideways trend overall.
As of 10 July 2025, the technical trend for Elgi Equipments has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed signals across different indicators. The weekly MACD is mildly bullish, while the monthly MACD is mildly bearish. The Bollinger Bands indicate a bullish stance on the weekly chart but are mildly bearish on the monthly. Moving averages on the daily chart show a mildly bearish trend. The KST is bullish weekly but bearish monthly, and Dow Theory supports a mildly bullish outlook on both weekly and monthly time frames. Overall, while there are bullish signals in the weekly indicators, the mixed results suggest a neutral stance in the current market environment.
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