Is Orient Electric technically bullish or bearish?

Jul 04 2025 08:07 AM IST
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As of July 3, 2025, Orient Electric shows a mildly bullish trend supported by daily moving averages, but caution is advised due to a bearish MACD and mixed signals from other indicators.
As of 3 July 2025, the technical trend for Orient Electric has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages indicating mild bullishness and the weekly Dow Theory also suggesting a mildly bullish outlook. However, the MACD remains bearish on both weekly and monthly time frames, which tempers the overall bullish sentiment. The Bollinger Bands show a bullish signal on the weekly but are mildly bearish on the monthly, indicating mixed signals. Overall, while there are some positive indicators, the bearish MACD and mixed signals from other indicators suggest caution in the bullish outlook.
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