Is HDFC AMC technically bullish or bearish?

Jun 23 2025 08:05 AM IST
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As of June 20, 2025, the market trend is bullish, supported by strong MACD and Bollinger Bands indicators, although some mild bearish signals from KST and Dow Theory temper the overall sentiment.
As of 20 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and Bollinger Bands also indicate a bullish trend on both time frames. Daily moving averages confirm a bullish outlook. However, the KST shows a mildly bearish signal on the monthly, and Dow Theory indicates a mildly bearish stance on the weekly, which slightly tempers the overall bullish sentiment. The RSI shows no signals on both weekly and monthly time frames. Overall, the strength of the bullish trend is reinforced by the recent price action, with today's high surpassing the previous close.
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