What is the technical trend for Multipurpose Trd?

Jun 09 2025 06:31 PM IST
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As of June 6, 2025, the technical trend for Multipurpose Trd has shifted to mildly bearish, influenced by a bearish weekly RSI and daily moving averages, despite some mixed signals from the MACD and Bollinger Bands.
As of 6 June 2025, the technical trend for Multipurpose Trd has changed from mildly bullish to mildly bearish. The weekly MACD indicates a mildly bullish stance, but the monthly MACD is mildly bearish, suggesting mixed signals. The weekly RSI is bearish, while the monthly RSI shows no signal, further contributing to the bearish outlook. Daily moving averages are mildly bearish, aligning with the overall trend shift. Bollinger Bands are bullish on both weekly and monthly time frames, which is a positive counterpoint. However, the KST and Dow Theory both indicate a mildly bullish stance on the weekly and monthly charts. Overall, the current technical stance is mildly bearish, driven primarily by the bearish RSI and daily moving averages.
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