Is Rainbow Child. technically bullish or bearish?
As of June 18, 2025, the market trend is mildly bullish, supported by a bullish MACD and Bollinger Bands, despite some bearish signals from daily moving averages and a mixed outlook from Dow Theory.
As of 18 June 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by a bullish MACD on the weekly chart and bullish Bollinger Bands on both weekly and monthly time frames. The Dow Theory indicates a mildly bullish outlook on the weekly basis, although it is mildly bearish on the monthly. The daily moving averages are mildly bearish, which tempers the overall bullish sentiment. The stock has shown strong performance relative to the Sensex over the past week and month, further supporting the bullish outlook.
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