Is Indian Renewable technically bullish or bearish?

As of 13 June 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The daily moving averages are bearish, indicating a downward trend in the short term. The weekly RSI is also bearish, suggesting weakening momentum. Although the MACD on the weekly chart remains mildly bullish, the overall sentiment is tempered by the bearish signals from the RSI and moving averages. Additionally, the stock has underperformed compared to the Sensex over various time frames, particularly year-to-date, where it shows a significant decline of 22.24%. Overall, the combination of these indicators suggests a cautious outlook for Indian Renewable in the near term.