Is Manali Petrochem technically bullish or bearish?

Jul 21 2025 08:03 AM IST
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As of July 18, 2025, the technical trend has shifted to bullish, supported by positive daily moving averages, bullish Bollinger Bands, and a significant price increase, despite mixed signals from the MACD and KST across different timeframes.
As of 18 July 2025, the technical trend has changed from mildly bearish to bullish. The current stance is bullish, driven by several key indicators. The daily moving averages are bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating strong upward momentum. The MACD is bullish on the weekly timeframe, although it remains bearish on the monthly, suggesting a divergence in longer-term strength. The KST is bullish weekly but bearish monthly, further highlighting mixed signals in different timeframes. The Dow Theory shows a mildly bullish stance on the monthly, while the OBV is bullish monthly, supporting the overall positive outlook. The recent price action, with a significant increase from the previous close, reinforces the bullish sentiment.
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