Is Glaxosmi. Pharma technically bullish or bearish?

Jul 17 2025 08:07 AM IST
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As of July 16, 2025, the market trend is mildly bullish, supported by bullish signals from the MACD and KST indicators, though mixed signals from the Dow Theory and RSI suggest some caution.
As of 16 July 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the weekly MACD and KST indicators, both showing bullish signals, while the daily moving averages also indicate a mildly bullish trend. The Bollinger Bands support this view on both weekly and monthly time frames. However, the weekly Dow Theory suggests a mildly bearish sentiment, which slightly offsets the overall bullish outlook. The RSI shows no signal, indicating a lack of momentum confirmation. Overall, the strength of the bullish stance is moderate, with some caution due to mixed signals in the longer-term indicators.
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