What is the technical trend for The Ravalgaon?
As of June 2, 2025, The Ravalgaon is in a bearish trend with moderate strength, supported by bearish daily moving averages, monthly RSI, and Bollinger Bands, while the MACD presents a mixed signal with short-term strength not sufficient to alter the overall bearish outlook.
As of 2 June 2025, the technical trend for The Ravalgaon has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the daily moving averages, which are bearish, and the monthly RSI, which is also bearish. Additionally, both the weekly and monthly Bollinger Bands confirm a bearish outlook. The MACD shows a mixed picture with a mildly bullish weekly reading but a mildly bearish monthly reading, indicating some short-term strength that is not enough to offset the overall bearish trend. The Dow Theory aligns with this view, showing a mildly bearish stance on both weekly and monthly time frames. Overall, the technical indicators suggest a prevailing bearish sentiment in the market for The Ravalgaon.
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