Is T N Merc. Bank technically bullish or bearish?
As of July 18, 2025, the trend is bullish with moderate strength, supported by the weekly MACD and daily moving averages, although caution is advised due to a mildly bearish monthly MACD.
As of 18 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. The weekly MACD is bullish, supporting the positive trend, while the daily moving averages also indicate bullish momentum. The Bollinger Bands on the weekly chart confirm this bullish outlook. However, the monthly MACD remains mildly bearish, suggesting some caution. The Dow Theory indicates a mildly bullish stance on both weekly and monthly time frames. Overall, the key indicators driving the bullish sentiment are the weekly MACD and daily moving averages, despite some mixed signals from the monthly indicators.
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