Is Redtape technically bullish or bearish?
As of October 16, 2025, the market trend is mildly bearish, influenced by mixed indicators such as a mildly bullish weekly MACD, bearish RSI, and bearish daily moving averages, alongside underperformance compared to the Sensex.
As of 16 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The weekly MACD is mildly bullish, but the RSI is bearish, indicating weakness in momentum. The daily moving averages are bearish, and the weekly Dow Theory also reflects a mildly bearish outlook. Additionally, the KST is bullish on the weekly chart, but the overall sentiment remains cautious due to the bearish signals from the Bollinger Bands and the OBV. The stock has underperformed significantly compared to the Sensex over multiple time frames, further supporting the bearish sentiment.
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