Is Omaxe technically bullish or bearish?

Aug 29 2025 08:05 AM IST
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As of August 28, 2025, Omaxe shows a mildly bullish trend overall, but key indicators like MACD and Bollinger Bands suggest mixed to bearish conditions, reflecting recent price declines.
As of 28 August 2025, the technical trend for Omaxe has changed from sideways to mildly bullish. However, the overall technical stance is mixed, leaning towards bearish in several key indicators. The MACD is mildly bearish on both the weekly and monthly time frames, while Bollinger Bands also indicate bearish conditions on both time frames. The moving averages show a mildly bullish signal on the daily chart, which contrasts with the weekly Dow Theory indicating a mildly bearish stance. The KST is bullish weekly but mildly bearish monthly, and the OBV is mildly bearish weekly while bullish monthly. Given the recent price action, including a significant decline over the past month and year, the current technical stance can be considered mildly bullish but with notable bearish pressures.
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