Is Indraprastha Gas technically bullish or bearish?

Jul 08 2025 08:09 AM IST
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As of July 7, 2025, Indraprastha Gas shows a bullish trend with strong indicators, including a bullish weekly MACD and moving averages, despite some caution from bearish monthly MACD and KST signals.
As of 7 July 2025, the technical trend for Indraprastha Gas has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating upward momentum. Daily moving averages also confirm a bullish trend. However, the monthly MACD and KST are bearish, suggesting some caution in the longer term. The Dow Theory shows a mildly bullish stance on a monthly basis, while the weekly shows no trend. Overall, the strength of the bullish stance is supported by recent price action, with a current price of 226.90, up from a previous close of 226.25, and a notable 1-week return of 4.08% compared to a slight decline in the Sensex.
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