Is Mafatlal Inds. technically bullish or bearish?
As of July 7, 2025, the market trend is mildly bearish, with mixed indicators suggesting a lack of strong upward momentum and a cautious outlook due to recent declines in stock returns compared to the Sensex.
As of 7 July 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the monthly MACD and KST both indicating mild bearishness, while the daily moving averages remain bearish. The weekly MACD and KST show mild bullishness, but overall, the indicators suggest a lack of strong upward momentum. The Bollinger Bands are sideways on the weekly chart, and both the weekly and monthly Dow Theory show no trend. Given the recent price action, including a decline in stock return over the past month and year compared to the Sensex, the outlook remains cautious.
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