Is Orient Electric technically bullish or bearish?

Jul 10 2025 08:06 AM IST
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As of July 9, 2025, the market trend has shifted to a moderately strong bearish stance, supported by bearish MACD readings, a negative RSI on the weekly time frame, and mixed signals from the KST, alongside a lack of clear direction in Dow Theory and sideways Bollinger Bands.
As of 9 July 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the bearish MACD readings on both the weekly and monthly time frames, as well as a bearish daily moving average. The RSI is also bearish on the weekly time frame, reinforcing the negative sentiment. Although the KST shows a bullish signal on the weekly, it is bearish on the monthly, indicating mixed signals. Overall, the lack of a clear trend in Dow Theory and the sideways movement in Bollinger Bands further support the bearish outlook.
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