Is RMC Switchgears technically bullish or bearish?

Sep 04 2025 08:09 AM IST
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As of September 3, 2025, the trend is mildly bullish due to daily moving averages, but mixed signals from the weekly MACD and RSI suggest caution despite some bullish indicators.
As of 3 September 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, primarily driven by the daily moving averages indicating a bullish sentiment. However, the weekly MACD remains bullish while the monthly MACD is mildly bearish, suggesting mixed signals across different time frames. The weekly RSI is bearish, which indicates some weakness, but the Bollinger Bands on a monthly basis are mildly bullish, providing some support. Overall, while there are bullish indicators, the presence of bearish signals in the weekly RSI and Dow Theory suggests caution in the bullish outlook.
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