Is Esab India technically bullish or bearish?

Aug 24 2025 08:04 AM IST
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As of August 22, 2025, the trend is mildly bullish, supported by a bullish MACD and RSI, but tempered by a mildly bearish outlook from the monthly MACD and Bollinger Bands, indicating cautious bullish sentiment amid some longer-term bearish pressures.
As of 22 August 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on the weekly timeframe and a bullish RSI on the monthly timeframe. However, the monthly MACD and Bollinger Bands indicate a mildly bearish outlook, which tempers the overall bullish sentiment. The daily moving averages remain bullish, while the Dow Theory shows a mixed signal with a mildly bearish weekly view and a mildly bullish monthly perspective. Overall, the indicators suggest a cautious bullish sentiment, with some bearish pressures present in the longer timeframes.
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