Is Torrent Pharma technically bullish or bearish?

Jun 14 2025 08:04 AM IST
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As of June 13, 2025, the market trend is mildly bearish, supported by bearish MACD readings and daily moving averages, despite mixed signals from Bollinger Bands and OBV.
As of 13 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly and monthly MACD readings, both indicating a bearish sentiment. The daily moving averages also reflect a mildly bearish outlook. While the Bollinger Bands show bullish signals on both weekly and monthly time frames, the overall indicators such as KST and Dow Theory lean towards a bearish sentiment. The OBV is mildly bullish on the weekly but bearish on the monthly, suggesting mixed signals. Overall, the strength of the bearish trend is reinforced by the recent price action, with the current price below the previous close.
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