Is MRPL technically bullish or bearish?

Jul 18 2025 08:05 AM IST
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As of July 17, 2025, MRPL shows a mildly bullish trend driven by daily moving averages and weekly MACD signals, though caution is advised due to mixed monthly indicators and Dow Theory readings.
As of 17 July 2025, the technical trend for MRPL has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages indicating bullish momentum and the weekly MACD also showing bullish signals. However, the monthly indicators, including MACD and Bollinger Bands, are mildly bearish, suggesting some caution. The Dow Theory presents a mixed view with weekly readings being mildly bearish while monthly readings are mildly bullish. Overall, the strength of the bullish trend is moderate, influenced by the recent positive performance against the Sensex over the past month.
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