Is Le Merite Export technically bullish or bearish?

Aug 21 2025 08:08 AM IST
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As of August 20, 2025, the technical trend has shifted to bullish, supported by strong daily moving averages and monthly MACD indicators, despite some mildly bearish signals in the weekly MACD and KST.
As of 20 August 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The daily moving averages are bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating strong upward momentum. Despite the weekly MACD and KST showing mildly bearish signals, the overall monthly MACD is bullish, reinforcing the bullish outlook. Additionally, Dow Theory confirms a bullish trend in both weekly and monthly time frames. The stock has shown significant outperformance compared to the Sensex over multiple periods, further supporting the bullish sentiment.
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