Is Emcure Pharma technically bullish or bearish?

Jun 23 2025 08:05 AM IST
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As of June 20, 2025, Emcure Pharma's technical trend is mildly bullish, supported by a bullish weekly MACD and Dow Theory, despite some short-term weakness indicated by daily moving averages.
As of 20 June 2025, the technical trend for Emcure Pharma has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive momentum, while the Bollinger Bands also indicate a mildly bullish stance on the weekly chart. The Dow Theory confirms this with a mildly bullish signal on both weekly and monthly time frames. However, the daily moving averages are mildly bearish, which suggests some short-term weakness. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Dow Theory indicators.
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