Is Man Infra technically bullish or bearish?

Jul 16 2025 08:08 AM IST
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As of July 15, 2025, the trend has shifted to mildly bullish, supported by weekly MACD and Dow Theory indicators, though caution is advised due to a bearish weekly RSI and mildly bearish daily moving averages, while long-term returns remain positive despite recent underperformance compared to the Sensex.
As of 15 July 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly MACD and Dow Theory indicators, both indicating a bullish outlook. However, the weekly RSI remains bearish, which suggests caution. The daily moving averages are mildly bearish, contrasting with the overall weekly bullish signals. The OBV is bullish across both weekly and monthly time frames, supporting the positive sentiment. Despite recent underperformance compared to the Sensex in the year-to-date and one-year periods, the longer-term returns over three, five, and ten years are significantly positive, indicating potential resilience.
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