Is Orient Electric technically bullish or bearish?

Jul 01 2025 08:13 AM IST
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As of June 30, 2025, the trend has shifted to mildly bullish, supported by daily moving averages, though caution is advised due to a bearish weekly MACD and mixed signals from Bollinger Bands and Dow Theory.
As of 30 June 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating a bullish sentiment. However, the weekly MACD remains bearish, suggesting caution. The Bollinger Bands show a bullish signal on the weekly timeframe but are bearish on the monthly. The Dow Theory supports a mildly bullish outlook on both weekly and monthly timeframes. Overall, while there are mixed signals, the shift in trend indicates a potential for upward movement, albeit with some underlying bearish pressures in longer timeframes.
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