What is the technical trend for Coromandel Engg.?
As of May 26, 2025, Coromandel Engg. shows a mildly bullish trend, supported by bullish moving averages and Bollinger Bands, despite mixed signals from the MACD and RSI.
As of 26 May 2025, the technical trend for Coromandel Engg. has changed from mildly bearish to mildly bullish. The weekly MACD is bullish, supporting the positive shift, while the monthly MACD remains mildly bearish, indicating some caution. The weekly RSI is bearish, but the daily moving averages are bullish, suggesting short-term strength. Bollinger Bands show a mildly bullish trend on the weekly and bullish on the monthly, reinforcing the overall positive sentiment. Dow Theory indicates a mildly bullish stance on both weekly and monthly time frames. Overall, the current technical stance is mildly bullish, driven primarily by the bullish signals from moving averages and Bollinger Bands, despite some mixed signals from the MACD and RSI.
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