Is Magadh Sugar technically bullish or bearish?

Jun 11 2025 08:10 AM IST
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As of June 10, 2025, Magadh Sugar shows a mildly bullish trend with mixed signals from indicators, including a bullish MACD and moving averages, but a bearish weekly RSI suggests caution is warranted.
As of 10 June 2025, the technical trend for Magadh Sugar has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by a bullish MACD on the weekly timeframe and bullish moving averages on the daily timeframe. However, the weekly RSI is bearish, indicating some weakness. Bollinger Bands are showing a mildly bullish signal on both weekly and monthly charts, while the KST is bullish weekly but mildly bearish monthly. The OBV is mildly bullish weekly, suggesting accumulation. Overall, the mixed signals from different indicators indicate a cautiously optimistic outlook, but the bearish RSI and mixed longer-term indicators suggest that caution is warranted.
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