What is the technical trend for Prem. Explosives?

Jun 09 2025 05:45 PM IST
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As of June 4, 2025, Prem. Explosives shows a mildly bullish trend supported by the weekly MACD and Bollinger Bands, despite some short-term weakness indicated by daily moving averages.
As of 4 June 2025, the technical trend for Prem. Explosives has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive sentiment, while the monthly MACD shows a mildly bearish stance, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward momentum. The Dow Theory also reflects a mildly bullish outlook on both weekly and monthly charts. However, the daily moving averages are mildly bearish, suggesting short-term weakness. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD, Bollinger Bands, and Dow Theory.
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