Is Finolex Cables technically bullish or bearish?

Jun 10 2025 08:13 AM IST
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As of June 9, 2025, the technical trend is mildly bearish, with daily moving averages and monthly MACD indicating bearish momentum, despite some mildly bullish signals from weekly indicators.
As of 9 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating bearish momentum and a monthly MACD showing a bearish signal. While the weekly MACD and KST are mildly bullish, the overall monthly indicators, including Bollinger Bands and moving averages, suggest weakness. The Dow Theory indicates no trend on a weekly basis but is mildly bullish monthly, adding some complexity to the outlook. Overall, the bearish signals are stronger at this time, particularly in the daily timeframe.
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