Is Nelcast technically bullish or bearish?

Jun 25 2025 09:26 AM IST
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As of June 24, 2025, Nelcast's trend has shifted to mildly bullish, supported by daily moving averages and weekly MACD signals, though caution is advised due to a bearish weekly RSI.
As of 24 June 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum and the weekly MACD also showing bullish signals. However, the weekly RSI remains bearish, suggesting some caution. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, while the Dow Theory indicates a mildly bullish trend on the monthly scale. Overall, despite some mixed signals, the shift in trend and the daily bullish indicators support a mildly bullish outlook for Nelcast.
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