Is Meghmani Organi. technically bullish or bearish?

Jul 05 2025 08:06 AM IST
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As of July 4, 2025, the market trend is bullish with strong indicators like a bullish weekly MACD and positive performance against the Sensex, although caution is advised due to mildly bearish monthly MACD and KST signals.
As of 4 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish. Daily moving averages also indicate a bullish trend. The On-Balance Volume (OBV) is bullish on both weekly and monthly time frames. However, the monthly MACD and KST are mildly bearish, which suggests some caution. Overall, the strength of the bullish stance is reinforced by the positive performance against the Sensex over various periods, particularly the 1-month return of 10.89% compared to the Sensex's 3.01%.
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