Is Mahamaya Steel technically bullish or bearish?

Jul 10 2025 08:05 AM IST
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As of July 9, 2025, the trend is bullish with strong indicators like MACD and Bollinger Bands supporting this view, although caution is advised due to a bearish RSI signal on the monthly time frame.
As of 9 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both weekly and monthly time frames, and Bollinger Bands also indicate a bullish trend on both time frames. Daily moving averages are bullish, reinforcing the positive outlook. However, the RSI shows a bearish signal on the monthly time frame, which suggests some caution. The KST is bullish on both weekly and monthly charts, while Dow Theory indicates a mildly bearish stance on the weekly but no trend on the monthly. Overall, the strength of the bullish trend is supported by multiple indicators, despite some mixed signals from the RSI and Dow Theory.
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