Is Indian Energy Ex technically bullish or bearish?

As of 24 July 2025, the technical trend for Indian Energy Ex has changed from mildly bullish to sideways. The current technical stance is bearish, with key indicators supporting this view. The MACD is mildly bearish on both the weekly and monthly time frames, and Bollinger Bands also indicate a bearish trend on both time frames. The KST and Dow Theory confirm a mildly bearish stance on the weekly and monthly charts. Although the RSI shows bullish momentum on the weekly, it lacks a signal on the monthly, and moving averages are only mildly bullish on the daily. Overall, the strength of the bearish sentiment is reinforced by the significant decline in stock price, with a 1-week return of -35.58% compared to a negligible change in the Sensex.