Is Eureka Forbes technically bullish or bearish?

Aug 30 2025 08:07 AM IST
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As of 29 August 2025, the trend has shifted to mildly bullish due to positive daily moving averages and bullish weekly KST momentum, although caution is advised as weekly and monthly MACD indicators remain mildly bearish.
As of 29 August 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, primarily driven by the daily moving averages indicating a bullish trend and the KST showing bullish momentum on a weekly basis. However, the weekly and monthly MACD and Dow Theory remain mildly bearish, suggesting caution. The Bollinger Bands are bullish on the monthly timeframe, which supports the overall mildly bullish outlook. The stock's recent performance has outpaced the Sensex over the past week and month, further indicating positive momentum.
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