Is TPL Plastech technically bullish or bearish?

Jun 23 2025 08:03 AM IST
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As of June 20, 2025, TPL Plastech's trend has shifted to a moderately bearish stance, driven by bearish daily moving averages and Bollinger Bands, despite mixed signals from the MACD and other indicators.
As of 20 June 2025, the technical trend for TPL Plastech has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the daily moving averages indicating a bearish trend, along with the weekly and monthly Bollinger Bands also showing bearish signals. The MACD on the weekly is mildly bullish, but the monthly MACD is mildly bearish, indicating mixed signals. Additionally, the KST and OBV are both mildly bearish on a weekly basis. Overall, the bearish trend is supported by the recent performance, with significant declines in stock returns compared to the Sensex over various time frames.
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