Is Reliance Industr technically bullish or bearish?

Oct 17 2025 08:11 AM IST
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As of October 16, 2025, Reliance Industries shows a mildly bullish trend driven by daily moving averages and weekly RSI, but caution is advised due to mixed signals from MACD, KST, and OBV across different time frames.
As of 16 October 2025, the technical trend for Reliance Industries has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum. The weekly RSI is also bullish, suggesting positive price strength in the short term. However, the MACD and KST on the weekly and monthly time frames remain mildly bearish, indicating some caution. The Dow Theory shows a mildly bullish signal on the weekly chart, while the OBV is mildly bullish on the weekly but bearish on the monthly. Overall, the mixed signals suggest a cautiously optimistic outlook in the short term, but with underlying bearish pressures in longer time frames.
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