Is NELCO technically bullish or bearish?

Jul 20 2025 08:05 AM IST
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As of July 18, 2025, NELCO's trend has shifted to bearish with moderate strength, supported by daily moving averages, weekly RSI, and Bollinger Bands, despite a mildly bullish weekly MACD.
As of 18 July 2025, the technical trend for NELCO has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this assessment include the daily moving averages indicating bearish momentum, the weekly RSI showing bearish conditions, and Bollinger Bands confirming a bearish outlook on both weekly and monthly time frames. Although the weekly MACD is mildly bullish, the overall trend and other indicators suggest a prevailing bearish sentiment.
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