Is Mphasis technically bullish or bearish?

Jun 21 2025 08:04 AM IST
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As of June 20, 2025, Mphasis shows a mildly bullish trend based on the weekly MACD and Dow Theory, despite some caution from daily moving averages indicating a mildly bearish stance.
As of 20 June 2025, the technical trend for Mphasis has changed from sideways to mildly bullish. The weekly MACD indicates a mildly bullish stance, supported by the Bollinger Bands which are bullish on both weekly and monthly time frames. The Dow Theory also aligns with this view, showing a mildly bullish trend in both weekly and monthly analyses. However, the daily moving averages are mildly bearish, which introduces some caution. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Dow Theory indicators.
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