Is Eureka Forbes technically bullish or bearish?
As of July 9, 2025, the trend is mildly bullish due to daily moving averages, but mixed signals from the weekly MACD, bearish weekly RSI, and Dow Theory suggest caution.
As of 9 July 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum. However, the weekly MACD remains bullish while the monthly MACD is mildly bearish, suggesting mixed signals across different time frames. The weekly RSI is bearish, which adds caution to the mildly bullish outlook. Bollinger Bands are showing a mildly bullish trend on both weekly and monthly charts, supporting the overall positive sentiment. Dow Theory indicates a mildly bearish stance on the weekly chart, which contrasts with the bullish signals from the daily moving averages and KST. Overall, the strength of the bullish sentiment is tempered by bearish indicators in the weekly RSI and Dow Theory.
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