Is Munjal Auto Inds technically bullish or bearish?

Oct 09 2025 08:10 AM IST
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As of October 8, 2025, the market trend has shifted to bullish, supported by strong MACD indicators and daily moving averages, despite some mixed signals from Bollinger Bands and KST.
As of 8 October 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and daily moving averages also confirm a bullish trend. While the Bollinger Bands indicate a mildly bullish stance on both weekly and monthly charts, the KST shows a bullish weekly signal but is mildly bearish monthly. The Dow Theory reflects a mildly bullish trend on the weekly chart, though there is no clear trend on the monthly. Overall, the strength of the bullish stance is reinforced by the recent price action, with the current price at 102.80, up from a previous close of 99.35.
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