Is Elgi Equipments technically bullish or bearish?

Jul 25 2025 08:06 AM IST
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As of July 24, 2025, Elgi Equipments shows a neutral technical trend with mixed signals, as weekly indicators are mostly bullish while monthly indicators lean bearish, indicating a lack of clear direction.
As of 24 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 bullish, while the monthly MACD is mildly bearish. The weekly RSI indicates bearish momentum, but the monthly RSI shows no signal. Bollinger Bands are bullish on the weekly chart and sideways on the monthly. Daily moving averages are mildly bearish, while the KST shows a bullish trend weekly but bearish monthly. Dow Theory reflects a mildly bullish stance on both weekly and monthly time frames. Overall, the indicators suggest a lack of clear direction, with strength varying across different time frames.
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