Is Menon Bearings technically bullish or bearish?

Jul 05 2025 08:05 AM IST
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As of July 4, 2025, Menon Bearings shows a mildly bullish trend due to positive daily moving averages and weekly MACD signals, though caution is advised due to a bearish weekly RSI and mixed KST indicators.
As of 4 July 2025, the technical trend for Menon Bearings has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum and the weekly MACD also showing bullish signals. However, the weekly RSI is bearish, which suggests some weakness in the short term. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, supporting the overall mildly bullish outlook. The KST shows a bullish weekly trend but is bearish monthly, indicating mixed signals. Overall, while there are bullish indicators present, the presence of bearish signals in the RSI and KST suggests caution.
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