What is the technical trend for Zerodha Nifty 1D?
As of June 4, 2025, the trend is bullish with strong daily moving averages and OBV, but caution is advised due to mildly bearish weekly MACD and RSI indicators.
As of 4 June 2025, the technical trend has changed from mildly bullish to bullish. The daily moving averages are bullish, supporting the positive trend. However, the weekly MACD and RSI are mildly bearish and bearish, respectively, indicating some caution in the short term. The Bollinger Bands on the weekly are bullish, while both the weekly and monthly Dow Theory are bullish, reinforcing the overall positive outlook. The On-Balance Volume (OBV) is also bullish on both weekly and monthly time frames, suggesting strong buying pressure. Overall, the current stance is bullish with moderate strength, but short-term indicators show some bearish signals that could warrant attention.
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