Is Mafatlal Inds. technically bullish or bearish?
As of June 13, 2025, the technical trend is bearish with moderate strength, driven by bearish daily moving averages and Bollinger Bands, despite some mildly bullish signals from the weekly MACD and KST.
As of 13 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the daily moving averages, which are bearish, and the Bollinger Bands indicating a bearish trend on both weekly and monthly time frames. Although the weekly MACD and KST show mildly bullish signals, the overall trend remains bearish due to the prevailing bearish conditions in moving averages and Bollinger Bands. The stock has also underperformed significantly against the Sensex in the short and medium term, further supporting the bearish outlook.
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