What is the technical trend for Protean eGov?

Jun 09 2025 06:53 PM IST
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As of June 3, 2025, Protean eGov's technical trend has shifted to a moderate bearish stance, supported by bearish MACD, moving averages, and OBV indicators, along with underperformance against the Sensex.
As of 3 June 2025, the technical trend for Protean eGov has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, bearish moving averages on the daily timeframe, and a bearish OBV on both weekly and monthly timeframes. Additionally, the Dow Theory indicates a mildly bearish outlook on the weekly and monthly levels. The stock has underperformed significantly against the Sensex over various timeframes, further reinforcing the bearish sentiment.
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