What is the technical trend for Tata Metaliks Ltd.?
As of February 6, 2024, Tata Metaliks Ltd. shows a mildly bullish technical trend, supported by bullish MACD and moving averages, despite a bearish weekly RSI indicating some short-term weakness.
As of 6 February 2024, the technical trend for Tata Metaliks Ltd. has changed from bullish to mildly bullish. The weekly MACD remains bullish, while the monthly MACD is also bullish, indicating positive momentum. However, the weekly RSI is bearish, suggesting some weakness in the short term. Bollinger Bands are bullish on both weekly and monthly time frames, supporting the upward trend. Daily moving averages are bullish, reinforcing a positive outlook in the short term. Dow Theory indicates a mildly bullish stance on both weekly and monthly levels. Overall, the technical stance is mildly bullish, driven primarily by the bullish MACD and moving averages, despite the bearish RSI on the weekly chart.
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