Is Refex Industries technically bullish or bearish?

Jun 23 2025 08:03 AM IST
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As of June 20, 2025, the technical trend is mildly bullish due to supportive weekly indicators like the MACD and Bollinger Bands, but caution is advised due to mixed signals from the monthly MACD and daily moving averages.
As of 20 June 2025, the technical trend has changed from sideways to mildly bullish. The current technical stance is mildly bullish, driven by several key indicators. The weekly MACD is bullish, supporting the upward momentum, while the Bollinger Bands also indicate a mildly bullish trend on the weekly timeframe. The KST and OBV are both bullish on the weekly, reinforcing the positive outlook. However, the monthly MACD is mildly bearish, which suggests caution. The daily moving averages are mildly bearish, indicating short-term weakness. Overall, the strength of the bullish stance is tempered by mixed signals in the longer time frames.
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