What is the technical trend for Sh. Rajiv. Oil?
As of May 12, 2025, Sh. Rajiv. Oil shows a mildly bearish trend due to daily moving averages and weekly Bollinger Bands, despite a mildly bullish MACD, indicating a cautious market outlook.
As of 12 May 2025, the technical trend for Sh. Rajiv. Oil has changed from does not qualify to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish trend and the weekly Bollinger Bands showing a mildly bearish signal. The MACD on the weekly timeframe is mildly bullish, but this is offset by the lack of signals from the RSI and Dow Theory indicating no clear trend. Overall, the mixed signals suggest a cautious outlook in the current market environment.
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