Is Ideaforge Tech technically bullish or bearish?

Jul 07 2025 08:05 AM IST
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As of July 4, 2025, the technical trend is mildly bullish, supported by a bullish weekly MACD and moving averages, though caution is warranted due to bearish monthly Bollinger Bands and negative longer-term returns.
As of 4 July 2025, the technical trend has changed from mildly bearish to mildly bullish. The weekly MACD is bullish, supporting the positive shift in sentiment. Daily moving averages also indicate a bullish stance. However, the monthly Bollinger Bands are bearish, which adds some caution. The weekly Dow Theory is mildly bullish, reinforcing the overall positive outlook. Despite the recent price action showing a slight increase, the longer-term returns remain negative, indicating potential volatility ahead. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and moving averages.
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Our weekly and monthly stock recommendations are here
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