Is Manorama Indust. technically bullish or bearish?
As of June 24, 2025, the technical trend for Manorama Industries has shifted to bullish, supported by strong indicators like a bullish MACD, moving averages, and OBV, despite some neutral signals from the RSI and Dow Theory.
As of 24 June 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, while the Bollinger Bands show a bullish signal weekly and mildly bullish monthly. The daily moving averages are also bullish, and the KST is bullish across both weekly and monthly periods. Additionally, the OBV is bullish, reinforcing the positive momentum. Despite the lack of signals from the RSI and Dow Theory indicating no trend, the overall strength of the bullish indicators suggests a favorable outlook for Manorama Industries.
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