Is Redtape technically bullish or bearish?
As of November 10, 2025, Redtape's technical trend has shifted to a bearish stance, driven by bearish daily moving averages, Bollinger Bands, and underperformance against the Sensex, despite a mildly bullish weekly MACD signal.
As of 10 November 2025, the technical trend for Redtape has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the daily moving averages, which are bearish, and the Bollinger Bands on both weekly and monthly time frames, also indicating bearish conditions. The weekly MACD shows a mildly bullish signal, but this is outweighed by the overall bearish sentiment from other indicators. The Dow Theory indicates a mildly bearish trend on the weekly chart, further supporting the bearish outlook. The stock has underperformed significantly compared to the Sensex over multiple time frames, reinforcing the bearish sentiment.
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