Is T N Merc. Bank technically bullish or bearish?

Jun 25 2025 09:28 AM IST
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As of June 24, 2025, the trend is mildly bullish due to weekly MACD momentum and daily moving averages, but caution is advised due to bearish signals from monthly indicators and mixed trends in Dow Theory.
As of 24 June 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly MACD indicating bullish momentum and the daily moving averages also showing a mildly bullish trend. However, the monthly MACD and Bollinger Bands remain bearish, suggesting some caution. The weekly KST is bearish, and the Dow Theory indicates no trend on the weekly and mildly bearish on the monthly, which adds to the mixed signals. Overall, while there are bullish indicators, the presence of bearish signals in other time frames suggests a cautious approach.
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