Is Jindal Steel technically bullish or bearish?
As of June 24, 2025, the trend has shifted to mildly bullish due to positive signals from the weekly MACD and daily Bollinger Bands, despite some caution from the monthly indicators and mixed signals from Dow Theory.
As of 24 June 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven by a bullish MACD on the weekly chart and bullish signals from Bollinger Bands and moving averages on the daily timeframe. However, the monthly MACD and KST remain mildly bearish, indicating some caution. The Dow Theory shows a mildly bearish signal on the weekly chart, suggesting mixed signals overall. The stock's recent performance has outpaced the Sensex over the past week, further supporting the mildly bullish outlook.
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