Is T N Merc. Bank technically bullish or bearish?

Aug 01 2025 08:01 AM IST
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As of July 31, 2025, the trend is mildly bullish due to daily moving averages and weekly Dow Theory, but caution is advised due to a mildly bearish monthly MACD and mixed signals from Bollinger Bands and KST.
As of 31 July 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages indicating bullish momentum and the weekly Dow Theory also reflecting a mildly bullish outlook. However, the monthly MACD is mildly bearish, which suggests some caution. The Bollinger Bands show a mixed signal with weekly mildly bullish and monthly mildly bearish readings. Overall, the strength of the bullish sentiment is tempered by the bearish signals from the KST and the monthly MACD.
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