Is Oil India technically bullish or bearish?

Jul 23 2025 08:06 AM IST
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As of July 22, 2025, Oil India shows a mildly bullish trend supported by bullish weekly MACD and Bollinger Bands, although caution is advised due to mixed signals in longer time frames.
As of 22 July 2025, the technical trend for Oil India has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive outlook, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward momentum. Daily moving averages are also bullish, suggesting short-term strength. However, the KST shows a mixed signal with weekly bullishness and monthly mild bearishness. The Dow Theory indicates a mildly bullish stance on the weekly chart, but no trend on the monthly. Overall, the current technical stance is mildly bullish, driven primarily by the bullish signals from the MACD and Bollinger Bands, despite some mixed indicators in the longer time frames.
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