Is Punjab Chemicals technically bullish or bearish?

Jun 22 2025 08:03 AM IST
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As of June 20, 2025, the trend is bullish with strong indicators like the weekly MACD and moving averages supporting upward momentum, despite some caution from bearish monthly MACD and KST signals.
As of 20 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this outlook. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating upward momentum. Daily moving averages are also bullish, reinforcing the positive trend. However, the monthly MACD and KST are bearish, suggesting some caution in the longer term. Overall, the strength of the bullish trend is supported by the recent price action, with today's high reaching 1215.00, above the previous close of 1185.00.
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