Is Polycab India technically bullish or bearish?
As of June 23, 2025, Polycab India shows a mildly bullish technical trend, supported by weekly MACD and Bollinger Bands, despite mixed signals from monthly indicators and daily moving averages.
As of 23 June 2025, the technical trend for Polycab India has changed from mildly bearish to mildly bullish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains mildly bearish, suggesting mixed signals across time frames. The Bollinger Bands are bullish on both weekly and monthly charts, reinforcing the positive outlook. Moving averages on the daily chart are mildly bearish, which contrasts with the overall mildly bullish weekly and monthly Dow Theory indicators. The KST shows bullish momentum weekly but is mildly bearish monthly, and the OBV is mildly bullish on a monthly basis. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD, Bollinger Bands, and Dow Theory.
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