Is Venky's (India) technically bullish or bearish?

Jun 10 2025 08:11 AM IST
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As of June 9, 2025, the trend is mildly bearish due to daily moving averages and weekly Bollinger Bands indicating bearish momentum, despite some mildly bullish signals from the weekly MACD and a lack of momentum shown by the RSI.
As of 9 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating bearish momentum and the weekly Bollinger Bands also showing a mildly bearish trend. The MACD on the weekly chart is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals across time frames. The RSI shows no signal on both weekly and monthly charts, suggesting a lack of momentum. Overall, while there are some mildly bullish indicators on the weekly timeframe, the prevailing sentiment remains bearish, particularly in the daily and monthly analyses.
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