Is Orient Electric technically bullish or bearish?

Jul 06 2025 08:05 AM IST
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As of July 4, 2025, the technical trend for Orient Electric has shifted to mildly bearish, influenced by bearish MACD signals on both weekly and monthly charts, despite some conflicting indicators.
As of 4 July 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by bearish signals from the MACD on both the weekly and monthly time frames, alongside a bearish Bollinger Bands indication on the monthly chart. The RSI is also bearish on the weekly, while the KST shows a conflicting bullish signal on the weekly but bearish on the monthly. Moving averages indicate a mildly bullish trend on the daily, but the overall sentiment is dampened by the weekly OBV being mildly bearish. The Dow Theory reflects a mildly bullish stance on the weekly but shows no trend on the monthly. Overall, the combination of these indicators suggests a cautious outlook for Orient Electric.
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