Is Shivalik Bimetal technically bullish or bearish?
As of July 16, 2025, the market trend is mildly bullish, supported by bullish weekly MACD and Bollinger Bands, despite some caution from the monthly MACD and bearish weekly RSI.
As of 16 July 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by several key indicators. The weekly MACD is bullish, supporting the positive outlook, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward momentum. However, the weekly RSI is bearish, suggesting potential weakness in the short term. Moving averages on the daily chart are mildly bearish, which adds to the mixed signals. Overall, the Dow Theory and OBV both indicate a mildly bullish stance on the weekly and monthly charts, contributing to the overall mildly bullish assessment.
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