Is Thermax technically bullish or bearish?

As of 27 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Thermax is bearish with moderate strength. Key indicators driving this stance include the daily moving averages which are bearish, and the Bollinger Bands indicating bearish conditions on both weekly and monthly time frames. The MACD shows a mildly bullish signal on the weekly but is mildly bearish on the monthly, suggesting mixed signals across different time frames. Additionally, the Dow Theory is mildly bearish on both weekly and monthly analyses. Overall, the bearish trend is reinforced by the recent price action, with the stock down 1.79% over the past week and 17.53% year-to-date.