Is I O C L technically bullish or bearish?

Oct 08 2025 08:10 AM IST
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As of October 7, 2025, the market trend has shifted to bullish, supported by strong indicators like a bullish weekly MACD and OBV, although caution is advised due to mildly bearish monthly MACD and KST signals.
As of 7 October 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and the Bollinger Bands are also bullish on both weekly and monthly time frames. Daily moving averages confirm a bullish trend. The On-Balance Volume (OBV) is bullish on both weekly and monthly charts, indicating strong buying pressure. However, the monthly MACD and KST are mildly bearish, suggesting some caution. Overall, the strength of the bullish trend is reinforced by the positive performance compared to the Sensex over various periods, particularly in the 1-month and year-to-date returns.
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