Is Steel Exchange technically bullish or bearish?

Aug 07 2025 08:09 AM IST
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As of August 6, 2025, the trend has shifted to mildly bullish due to positive daily moving averages and OBV, but mixed signals from weekly and monthly MACD, KST, and RSI indicate underlying bearishness that tempers the bullish outlook.
As of 6 August 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven by daily moving averages indicating bullish momentum and a positive OBV on both weekly and monthly time frames. However, the weekly MACD and KST remain bullish, while the monthly MACD and KST are bearish, suggesting mixed signals across different time frames. The RSI shows bearish on the weekly but bullish on the monthly, adding to the complexity. Overall, the strength of the bullish stance is tempered by the bearish indicators on the monthly charts.
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