Is Munjal Showa technically bullish or bearish?

Sep 17 2025 08:06 AM IST
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As of September 16, 2025, the trend is mildly bullish based on daily moving averages, but caution is advised due to bearish signals from weekly and monthly indicators.
As of 16 September 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by daily moving averages indicating mild bullishness and weekly Dow Theory also supporting a mildly bullish outlook. However, the weekly MACD and KST are mildly bearish, which suggests some caution. The monthly indicators show bearish tendencies, particularly in MACD and KST, while Bollinger Bands are mildly bearish on the monthly timeframe. Overall, the mixed signals indicate a cautiously optimistic outlook, but the strength of the bullish stance is tempered by bearish indicators in longer timeframes.
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