Is Manorama Indust. technically bullish or bearish?
As of August 4, 2025, the trend is mildly bullish due to daily moving averages, but caution is advised as weekly indicators show mild bearishness, resulting in a tempered overall outlook.
As of 4 August 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating a mildly bullish trend. However, the weekly MACD and KST are both mildly bearish, suggesting some caution. The Bollinger Bands on both weekly and monthly time frames are mildly bullish, supporting the overall positive sentiment. The absence of clear signals in the RSI and no trend in OBV indicates a lack of strong momentum. Overall, while there are some bullish indicators, the presence of bearish signals in the weekly timeframe tempers the outlook.
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