Is Engineers India technically bullish or bearish?
As of July 4, 2025, the technical trend is bullish with strong indicators like a bullish MACD and Bollinger Bands, although short-term caution is advised due to a bearish weekly RSI.
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 MACD is bullish on both the weekly and monthly time frames, while Bollinger Bands also indicate bullishness in both time frames. Daily moving averages confirm a bullish trend as well. However, the weekly RSI shows bearish momentum, which could suggest some short-term caution. The KST is bullish on the weekly but mildly bearish on the monthly, and the Dow Theory indicates a mildly bullish stance on the weekly with no clear trend on the monthly. Overall, the strength of the bullish signal is reinforced by the positive price action, with today's high reaching 245.50, above the previous close of 235.00.
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