Is Bata India technically bullish or bearish?

As of 23 June 2025, the technical trend for Bata India has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD indicating a mildly bullish signal, while the monthly MACD remains bearish. The daily moving averages are bearish, and the Bollinger Bands show a sideways movement on the weekly chart, with a bearish stance on the monthly. The KST aligns with the weekly MACD as mildly bullish, but the overall monthly indicators, including the Dow Theory, suggest a lack of strong upward momentum. The stock has underperformed significantly against the Sensex over multiple time frames, further supporting the bearish sentiment.