Is Manali Petrochem technically bullish or bearish?

Jul 20 2025 08:04 AM IST
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As of July 18, 2025, the market trend has shifted to bullish, supported by strong daily moving averages and Bollinger Bands, despite mixed signals from the MACD and KST on weekly and monthly timeframes, with the price rising from 69.50 to 79.36.
As of 18 July 2025, the technical trend has changed from mildly bearish to bullish. The current stance is bullish with strong indicators supporting this view. The daily moving averages are bullish, and both the weekly and monthly Bollinger Bands are also bullish. However, the MACD shows a mixed picture with a bullish signal on the weekly but bearish on the monthly. The KST is bullish weekly but bearish monthly, and the Dow Theory indicates a mildly bullish stance on the monthly timeframe. Overall, the strength of the bullish signal is reinforced by recent price action, with a significant increase from the previous close of 69.50 to the current price of 79.36.
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