Is MRPL technically bullish or bearish?

Jul 19 2025 08:06 AM IST
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As of July 18, 2025, the trend is bullish with strong indicators like the weekly MACD and Bollinger Bands supporting this view, although caution is advised due to mildly bearish monthly signals and mixed Dow Theory readings.
As of 18 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 and Bollinger Bands are both bullish, and the daily moving averages confirm this bullish trend. The KST on a weekly basis is also bullish. However, the monthly MACD and Bollinger Bands are mildly bearish, indicating some caution in the longer term. The Dow Theory presents a mixed view with a mildly bearish weekly signal but a mildly bullish monthly signal. Overall, the strength of the bullish stance is supported by the positive performance in the last week and month compared to the Sensex, despite a significant decline over the past year.
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