Is Orient Electric technically bullish or bearish?

Jun 27 2025 08:07 AM IST
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As of June 26, 2025, the market trend is mildly bearish due to weekly bearish signals from the MACD and moving averages, despite mixed indicators from Bollinger Bands and Dow Theory.
As of 26 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and moving averages indicating bearish signals. The Bollinger Bands show a bullish signal on the weekly timeframe, but the monthly indicators remain bearish. The Dow Theory reflects a mildly bearish outlook on the weekly and mildly bullish on the monthly, suggesting mixed signals. Overall, the lack of strong bullish momentum and the bearish indicators suggest a cautious approach.
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