Is Maithan Alloys technically bullish or bearish?

Jun 24 2025 08:09 AM IST
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As of June 23, 2025, Maithan Alloys has shifted to a bullish trend, supported by positive indicators like a bullish MACD, Bollinger Bands, and moving averages, despite some mixed signals from the RSI and KST.
As of 23 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly chart, bullish Bollinger Bands on both weekly and monthly charts, and bullish moving averages on the daily timeframe. The monthly RSI is also bullish, although the weekly RSI shows no signal. The Dow Theory indicates a mildly bullish stance on the monthly timeframe, while the KST shows a bearish signal on the monthly but bullish on the weekly. Overall, the combination of these indicators supports a bullish outlook for Maithan Alloys.
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