Is T N Petro Prod. technically bullish or bearish?
As of June 12, 2025, the market trend is mildly bullish, supported by positive weekly MACD and Bollinger Bands, despite some caution from daily moving averages.
As of 12 June 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by several key indicators. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating upward momentum. The Dow Theory supports this with a mildly bullish stance on both weekly and monthly time frames. However, the daily moving averages are mildly bearish, which suggests some caution. Overall, the strength of the bullish trend is supported by positive weekly performance metrics, including a significant stock return of 8.98% over the past week compared to a mere 0.31% for the Sensex.
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