Is Honda India technically bullish or bearish?
As of July 21, 2025, the trend is mildly bullish due to positive daily moving averages and weekly MACD signals, but caution is advised due to a bearish weekly RSI and mixed Dow Theory signals.
As of 21 July 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum and the weekly MACD also showing bullish signals. However, the weekly RSI is bearish, which suggests some weakness in the short term. The Bollinger Bands are bullish on both weekly and monthly time frames, supporting the overall positive outlook. The Dow Theory indicates a mildly bearish stance on the weekly but mildly bullish on the monthly, reflecting mixed signals. Overall, while there are some bullish indicators, the presence of bearish signals in the RSI and Dow Theory suggests caution.
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