What is the technical trend for Mahan Industries?

Jun 09 2025 06:31 PM IST
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As of May 27, 2025, Mahan Industries shows a mildly bullish trend with positive momentum from the MACD and moving averages, despite bearish RSI readings indicating potential weakness.
As of 27 May 2025, the technical trend for Mahan Industries has changed from bullish to mildly bullish. The weekly MACD remains bullish, while the monthly MACD is also bullish, indicating positive momentum. However, the RSI on both weekly and monthly time frames is bearish, suggesting potential weakness. The Bollinger Bands show a mildly bullish stance on the weekly chart and bullish on the monthly chart. Daily moving averages are bullish, supporting the upward price movement. Dow Theory indicates no trend on the weekly but is mildly bullish on the monthly. The On-Balance Volume (OBV) is bullish on the monthly but shows no trend on the weekly. Overall, the indicators present a mildly bullish stance, with strength primarily from the moving averages and MACD, despite the bearish RSI readings.
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