Is Investcorp India Acquisition Corp. technically bullish or bearish?
As of June 17, 2025, the market trend is mildly bearish, supported by bearish MACD signals and moving averages, despite some bullish momentum in the RSI, indicating a cautious outlook.
As of 17 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish with key indicators supporting this view. The MACD is bearish on the weekly timeframe and mildly bearish on the monthly. Moving averages indicate a bearish signal on the daily timeframe. Although the RSI shows bullish momentum on both weekly and monthly timeframes, the overall trend remains under pressure, particularly with the Dow Theory indicating a bearish stance on the monthly. The Bollinger Bands also reflect a mildly bearish condition on both weekly and monthly charts. Overall, the mixed signals suggest caution, with a slight bearish bias prevailing.
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