What is the technical trend for Bombay Wire?

Jun 09 2025 06:34 PM IST
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As of June 4, 2025, Bombay Wire's trend is mildly bullish, supported by a bullish weekly MACD and Bollinger Bands, despite a mildly bearish monthly MACD and negative one-year return of -11.65%.
As of 4 June 2025, the technical trend for Bombay Wire has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive trend, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, suggesting upward momentum. However, the daily moving averages are mildly bearish, which could temper the bullish outlook in the short term. The KST is bullish on both weekly and monthly charts, reinforcing the overall positive sentiment. Despite the recent price action, the stock is still below its 52-week high of 85.49, and the one-year return is negative at -11.65%, which may impact investor sentiment. Overall, the current stance is mildly bullish, with strength driven by the weekly MACD and Bollinger Bands.
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