Is Uni Abex Alloy technically bullish or bearish?

Jul 08 2025 08:07 AM IST
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As of July 7, 2025, the market trend is bullish with strong indicators like a bullish weekly MACD and supportive Bollinger Bands, despite some mixed signals from the monthly MACD and Dow Theory.
As of 7 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and Bollinger Bands are also indicating a bullish trend on both weekly and monthly time frames. Daily moving averages confirm the bullish sentiment. However, the monthly MACD and KST are mildly bearish, and Dow Theory shows a mixed signal with a mildly bearish weekly stance but a mildly bullish monthly perspective. Overall, the strength of the bullish trend is reinforced by recent price action, including a rise from the previous close and a significant year-to-date return of 25.60%, outperforming the Sensex.
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