Is T N Merc. Bank technically bullish or bearish?

Jul 24 2025 08:07 AM IST
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As of July 23, 2025, the trend is bullish with strong daily moving averages and a bullish weekly MACD, though caution is advised due to a mildly bearish monthly MACD and mixed signals from the Dow Theory and weekly KST.
As of 23 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with a strong emphasis on the daily moving averages indicating bullish momentum. The weekly MACD is also bullish, supporting the positive outlook. However, the monthly MACD remains mildly bearish, suggesting some caution in the longer term. The Dow Theory reflects a mildly bullish stance on both weekly and monthly time frames, while the weekly KST is bearish, indicating mixed signals. Overall, the strength of the bullish trend is reinforced by the daily moving averages and the weekly MACD, despite some bearish signals in the longer time frames.
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