Is MRF technically bullish or bearish?

Jun 29 2025 08:03 AM IST
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As of June 27, 2025, MRF's trend is mildly bullish, supported by positive weekly MACD and moving averages, though caution is advised due to mixed signals from longer-term indicators.
As of 27 June 2025, the technical trend has changed from bullish to mildly bullish. The current stance for MRF is mildly bullish, driven by several key indicators. The weekly MACD is bullish, supporting the upward momentum, while the daily moving averages also indicate a bullish trend. Bollinger Bands on both weekly and monthly time frames are bullish, suggesting price strength. However, the monthly MACD and KST are mildly bearish, indicating some caution. The Dow Theory shows a mildly bearish stance on the weekly chart, but there is no trend on the monthly. Overall, the strength of the bullish stance is tempered by mixed signals from longer-term indicators.
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