Is T N Merc. Bank technically bullish or bearish?

Jun 13 2025 08:07 AM IST
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As of June 12, 2025, the market trend is mildly bearish, supported by daily moving averages and weekly KST, despite some mixed signals from indicators like the Bollinger Bands and OBV.
As of 12 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish sentiment and the weekly KST being bearish. The monthly MACD is also mildly bearish, while the Bollinger Bands show a mixed signal with weekly mildly bullish and monthly mildly bearish readings. The Dow Theory indicates a mildly bearish trend on the monthly timeframe. Overall, the strength of the bearish sentiment is moderate, with some mixed signals from other indicators like the weekly MACD and OBV showing mild bullishness.
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