Is Oil India technically bullish or bearish?

Oct 02 2025 08:15 AM IST
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As of October 1, 2025, Oil India shows a mildly bearish trend due to bearish signals from the MACD and KST, along with moving averages, despite some underlying strength indicated by a bullish monthly RSI and mildly bullish OBV, suggesting a cautious approach.
As of 1 October 2025, the technical trend for Oil India has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and KST both indicating bearish signals, while the moving averages on the daily timeframe also reflect a mildly bearish outlook. The Bollinger Bands confirm this sentiment on both weekly and monthly timeframes. However, the monthly RSI shows bullishness, which suggests some underlying strength. The OBV is mildly bullish on the weekly timeframe, indicating some accumulation. Overall, the mixed signals suggest a cautious approach, with the bearish indicators currently outweighing the bullish ones.
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