Is Parag Milk Foods technically bullish or bearish?

Aug 07 2025 08:11 AM IST
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As of August 6, 2025, Parag Milk Foods shows a strong bullish trend supported by positive MACD and OBV indicators, despite some mixed signals from Bollinger Bands and Dow Theory.
As of 6 August 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and the daily moving averages also confirm a bullish trend. While the Bollinger Bands indicate a mildly bullish sentiment on both weekly and monthly levels, the KST shows a bullish weekly signal but is mildly bearish on the monthly. The Dow Theory presents a mildly bearish view on the weekly chart, but there is no trend on the monthly. The OBV is bullish on the weekly, indicating strong buying pressure. Overall, the bullish indicators outweigh the bearish signals, suggesting a strong bullish momentum for Parag Milk Foods.
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