Is I G Petrochems technically bullish or bearish?

Aug 24 2025 08:04 AM IST
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As of August 22, 2025, the trend is mildly bearish due to bearish signals from the weekly MACD and moving averages, despite mixed indicators from Bollinger Bands and Dow Theory.
As of 22 August 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and moving averages indicating bearish signals. The Bollinger Bands show a mixed picture with weekly bullishness but monthly bearishness. The Dow Theory reflects a mildly bearish outlook on the weekly chart while being mildly bullish on the monthly. Overall, the lack of strong bullish signals from the RSI and MACD reinforces the bearish sentiment despite some mixed indicators.
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