Is Prakash Pipes technically bullish or bearish?
As of June 23, 2025, Prakash Pipes is in a bearish trend with moderate strength, driven by bearish daily moving averages and overall underperformance compared to the Sensex, despite a mildly bullish weekly MACD.
As of 23 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Prakash Pipes is bearish with moderate strength. Key indicators driving this stance include the daily moving averages which are bearish, and both the Bollinger Bands and OBV on a weekly and monthly basis showing bearish signals. The MACD on the weekly is mildly bullish, but this is overshadowed by the overall bearish trend in the daily timeframe and the monthly MACD being mildly bearish. The stock has also underperformed significantly compared to the Sensex over various time frames, indicating weakness in momentum.
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