Is Oil India technically bullish or bearish?

As of 13 August 2025, the technical trend for Oil India has changed from mildly bullish to sideways. The current stance is bearish, with key indicators supporting this view. The MACD is bearish on the weekly chart and mildly bearish on the monthly chart. Bollinger Bands are also bearish on both weekly and monthly time frames. The KST shows a bullish signal on the weekly but is mildly bearish monthly, indicating mixed signals. Moving averages are mildly bullish on the daily chart, but this is outweighed by the overall bearish sentiment from the weekly indicators. The Dow Theory presents a mildly bearish outlook on the weekly while being mildly bullish monthly, further contributing to the sideways trend. Overall, the strength of the bearish sentiment is reinforced by recent price action, with a significant drop from the previous close and negative returns over the past week and month compared to the Sensex.