Is Rishabh Instrum. technically bullish or bearish?

Jun 24 2025 08:13 AM IST
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As of June 23, 2025, Rishabh Instrum. is in a mildly bearish trend, indicated by daily moving averages and monthly Bollinger Bands, despite a mildly bullish weekly MACD, suggesting a cautious approach.
As of 23 June 2025, the technical trend for Rishabh Instrum. has changed from sideways to mildly bearish. The current stance is bearish with a moderate strength. Key indicators include the daily moving averages showing a mildly bearish signal, while the weekly MACD is mildly bullish, creating a divergence in the short-term outlook. The Bollinger Bands on a monthly basis are bearish, further supporting the bearish sentiment. Additionally, the Dow Theory indicates a mildly bearish trend on the weekly chart. Overall, the combination of these indicators suggests a cautious approach is warranted.
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