Is Eureka Forbes technically bullish or bearish?

Jul 04 2025 08:07 AM IST
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As of July 3, 2025, Eureka Forbes has shifted to a bullish trend with moderate strength, supported by a bullish MACD and moving averages, although the monthly MACD and OBV show mild bearish signals.
As of 3 July 2025, the technical trend for Eureka Forbes has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly timeframe, bullish moving averages on the daily timeframe, and mildly bullish Bollinger Bands on both weekly and monthly timeframes. However, the monthly MACD remains mildly bearish, and the OBV shows a mildly bearish signal on the weekly timeframe. Overall, the bullish trend is supported by recent price action, with the current price at 592.60, above the previous close of 585.90.
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