Is Mahanagar Gas technically bullish or bearish?
As of October 9, 2025, the market trend is mildly bearish due to bearish MACD and KST indicators, daily moving averages, and Bollinger Bands, though bullish weekly and monthly RSI readings and mildly bullish OBV suggest some accumulation, indicating a cautious approach is warranted.
As of 9 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and KST indicators, both of which are bearish. The moving averages on the daily timeframe also confirm a bearish outlook. However, the weekly and monthly RSI readings are bullish, indicating some strength in momentum. The Bollinger Bands are mildly bearish on both weekly and monthly timeframes, and the Dow Theory shows a mildly bearish trend on the weekly scale. Despite the overall mildly bearish stance, the OBV readings are mildly bullish, suggesting some accumulation. Overall, the mixed signals indicate a cautious approach is warranted.
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