Is Jyoti CNC Auto. technically bullish or bearish?

Aug 31 2025 08:06 AM IST
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As of August 29, 2025, the market trend is mildly bearish, supported by bearish MACD and moving averages, despite some bullish signals from the RSI and OBV, indicating a cautious outlook.
As of 29 August 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 on a weekly basis remains bearish, while the daily moving averages are also bearish. The RSI on the weekly timeframe is bullish, but this is countered by the bearish signals from Bollinger Bands and the overall Dow Theory which indicates a mildly bullish stance on the weekly but mildly bearish on the monthly. The On-Balance Volume (OBV) shows mild bullishness on the weekly but aligns with the mildly bearish sentiment on the monthly. Overall, the mixed signals suggest caution, with a prevailing mildly bearish outlook.
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