Is Indian Energy Ex technically bullish or bearish?

Jul 26 2025 08:01 AM IST
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As of July 25, 2025, Indian Energy Ex shows a mildly bearish trend, supported by bearish MACD readings, Bollinger Bands, and KST indicators, despite a mildly bullish signal from daily moving averages.
As of 25 July 2025, the technical trend for Indian Energy Ex has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly and monthly MACD readings, both indicating a bearish sentiment. Additionally, the Bollinger Bands and KST are also bearish on both weekly and monthly time frames, reinforcing the bearish outlook. The Dow Theory supports this with a mildly bearish signal as well. Although the daily moving averages show a mildly bullish trend, the overall indicators suggest a prevailing bearish sentiment in the market.
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