Is Manali Petrochem technically bullish or bearish?

Jul 05 2025 08:05 AM IST
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As of July 4, 2025, the market trend has shifted to mildly bullish, supported by positive indicators like a bullish MACD and OBV, despite some daily moving averages suggesting a mildly bearish position.
As of 4 July 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven by a bullish MACD on the weekly chart, bullish Bollinger Bands on both weekly and monthly time frames, and a bullish On-Balance Volume (OBV) on both weekly and monthly charts. However, the daily moving averages indicate a mildly bearish position, which tempers the overall bullish sentiment. The Dow Theory also supports a mildly bullish outlook on both weekly and monthly time frames. Despite the mixed signals, the overall strength leans towards a bullish sentiment in the short term.
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