Is Prakash Pipes technically bullish or bearish?
As of June 26, 2025, Prakash Pipes has shifted to a bearish technical stance, driven by daily moving averages and weekly indicators, with overall performance weak relative to the Sensex.
As of 26 June 2025, the technical trend for Prakash Pipes has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the daily moving averages indicating bearish momentum, and the weekly Bollinger Bands showing mildly bearish conditions. Additionally, the MACD on a monthly basis is mildly bearish, while the KST and OBV are both mildly bearish on the weekly timeframe. The overall performance relative to the Sensex has been weak, particularly over the past month and year, further supporting the bearish outlook.
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