Is Nandan Denim technically bullish or bearish?

Jun 24 2025 08:08 AM IST
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As of June 23, 2025, the market trend is mildly bearish, indicated by mixed signals from the MACD, bearish Bollinger Bands, and negative daily moving averages, suggesting a cautious approach is advisable.
As of 23 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD shows a mildly bullish signal on the weekly chart but is mildly bearish on the monthly chart, indicating mixed momentum. The Bollinger Bands are bearish on both weekly and monthly timeframes, suggesting price weakness. Daily moving averages are bearish, reinforcing the negative outlook. The KST is mildly bullish weekly but mildly bearish monthly, while the Dow Theory indicates no trend on the weekly and mildly bearish on the monthly. Overall, the combination of these indicators suggests a cautious approach is warranted.
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