Is Honda India technically bullish or bearish?
As of July 16, 2025, the trend has shifted to a bullish stance with moderate strength, supported by positive indicators like a bullish MACD and moving averages, though caution is advised due to a bearish weekly RSI.
As of 16 July 2025, the technical trend has changed from sideways to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly chart, bullish moving averages on the daily chart, and mildly bullish signals from both the Bollinger Bands and Dow Theory on the weekly and monthly time frames. However, the weekly RSI is bearish, which suggests some caution. Overall, the bullish trend is supported by strong performance over longer time frames, particularly in the 3-year and 5-year returns.
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