Is Rane (Madras) technically bullish or bearish?

Jul 20 2025 08:03 AM IST
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As of July 18, 2025, the trend is bullish, supported by positive weekly MACD and moving averages, while caution is advised due to mildly bearish monthly indicators.
As of 18 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish, driven by several key indicators. The weekly MACD is bullish, supporting the positive trend, while the daily moving averages also confirm bullish momentum. The Bollinger Bands on the weekly chart indicate bullish conditions. However, the monthly MACD and KST are mildly bearish, suggesting some caution in the longer term. The On-Balance Volume (OBV) is bullish on both weekly and monthly time frames, reinforcing the strength of the current bullish trend. Overall, the strength of the bullish stance is supported by the daily and weekly indicators, despite some mixed signals from the monthly data.
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