Is Indian Hume Pipe technically bullish or bearish?
As of June 9, 2025, the market trend is mildly bearish due to daily moving averages indicating weakness and mixed signals from various indicators, suggesting a cautious outlook.
As of 9 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating weakness and the weekly RSI showing bearish momentum. While the weekly MACD and Bollinger Bands are bullish, the monthly MACD and KST are mildly bearish, suggesting mixed signals across different time frames. Overall, the lack of a clear trend in Dow Theory and the absence of strong signals in the OBV further support a cautious outlook.
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