Is Eureka Forbes technically bullish or bearish?
As of 16 September 2025, the trend is mildly bullish with daily moving averages indicating positive momentum, but caution is advised due to mixed signals from weekly MACD and Dow Theory, suggesting a cautiously optimistic outlook.
As of 16 September 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages indicating bullish momentum. However, the weekly MACD and Dow Theory are both mildly bearish, suggesting caution. The Bollinger Bands show a bullish signal on the monthly timeframe, while the KST is bullish weekly. Overall, the mixed signals from different timeframes indicate a cautiously optimistic outlook, but the strength is not strong due to the bearish indicators present in the weekly analysis.
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