Overview of Redtape’s Current Price and Trend
As of 21 Nov 2025, Redtape’s stock price stands at ₹128.10, marginally up from the previous close of ₹127.10. The stock’s 52-week range spans from a low of ₹116.20 to a high of ₹228.95, indicating a significant depreciation from its peak over the past year. Today’s trading session saw a high of ₹129.15 and a low of ₹126.00, reflecting limited intraday volatility but a lack of upward momentum.
The technical trend has recently shifted from mildly bearish to outright bearish, signalling a deterioration in the stock’s near-term outlook. This shift is corroborated by several key technical indicators across multiple timeframes.
Technical Indicators Paint a Bearish Picture
Examining the Moving Average Convergence Divergence (MACD), a widely used momentum indicator, the weekly chart signals bearish momentum. Although the monthly MACD does not provide a clear signal, the weekly bearishness suggests that short-term momentum is weakening.
The Relative Strength Index (RSI), which measures the speed and change of price movements, currently shows no definitive signal on both weekly and monthly charts. This neutrality indicates that the stock is neither oversold nor overbought, but it does not provide a bullish counterbalance to other negative indicators.
Bollinger Bands, which assess volatility and potential price reversals, show bearish signals on both weekly and monthly timeframes. This suggests that the stock price is trending towards the lower band, often interpreted as a sign of downward pressure and potential continuation of the bearish trend.
Daily moving averages reinforce this bearish stance, with the stock trading below key averages, indicating that the short-term price action remains weak relative to historical levels.
Mixed Signals from Other Technical Tools
Interestingly, the Know Sure Thing (KST) indicator on the weekly chart offers a bullish signal, hinting at some underlying positive momentum. However, the absence of a monthly KST signal limits the strength of this bullish indication.
Dow Theory analysis presents a nuanced view: mildly bearish on the weekly scale but mildly bullish on the monthly scale. This divergence suggests that while short-term trends are negative, there may be some longer-term stabilisation or recovery potential.
On-Balance Volume (OBV), which tracks volume flow to confirm price trends, is mildly bearish on both weekly and monthly charts. This indicates that selling pressure is slightly outweighing buying interest, reinforcing the overall negative sentiment.
Momentum just kicked in! This Small Cap from the Auto - Trucks sector entered our list with explosive short-term signals. Catch the wave while it's still building!
- - Fresh momentum detected
- - Explosive short-term signals
- - Early wave positioning
Price Performance Compared to Sensex Benchmarks
Redtape’s price performance over recent periods starkly contrasts with the broader market benchmark, the Sensex. Over the past week, the stock declined by 6.8%, while the Sensex gained 0.79%. Similarly, the one-month return for Redtape was down 6.9%, compared to a modest 0.95% rise in the Sensex.
Year-to-date (YTD), Redtape’s stock has plummeted by 41.36%, a stark underperformance against the Sensex’s 9.08% gain. Over the last year, the stock has lost 36.28%, while the Sensex appreciated by 10.47%. These figures highlight significant challenges faced by Redtape in regaining investor confidence and market share.
Longer-term returns for Redtape are not available, but the Sensex’s robust gains over three, five, and ten years (39.39%, 94.23%, and 229.48% respectively) underscore the stock’s relative weakness within the broader market context.
Industry Context and Market Sentiment
Operating within the competitive footwear sector, Redtape faces headwinds from changing consumer preferences, rising input costs, and intense competition from both domestic and international brands. The bearish technical signals align with these fundamental pressures, suggesting that the stock’s current valuation reflects market concerns about growth prospects and profitability.
While some technical indicators hint at potential stabilisation, the prevailing trend remains negative, cautioning investors to weigh risks carefully before considering exposure to Redtape.
Considering Redtape? Wait! SwitchER has found potentially better options in Footwear and beyond. Compare this Smallcap with top-rated alternatives now!
- - Better options discovered
- - Footwear + beyond scope
- - Top-rated alternatives ready
Conclusion: Predominantly Bearish Technical Outlook
In summary, Redtape’s technical indicators predominantly signal a bearish outlook. The recent shift from mildly bearish to bearish trend, combined with negative MACD, Bollinger Bands, moving averages, and OBV readings, suggests that the stock is under sustained selling pressure. Although the weekly KST and monthly Dow Theory offer some mild bullish hints, these are insufficient to offset the broader negative momentum.
Price performance relative to the Sensex further emphasises the stock’s struggles, with significant underperformance across all recent timeframes. Investors should remain cautious and consider the broader market and sector dynamics before initiating or increasing positions in Redtape.
Given the current technical and fundamental backdrop, Redtape appears to be in a bearish phase, with limited near-term upside potential. Monitoring for a clear reversal in key indicators and improved price action will be essential for those seeking to capitalise on any future recovery.
Get 2 full years of MojoOne Premium for only Rs. 12,999. Subscribe for 1 year and we'll add another year FREE. Offer valid for a limited time. Start Saving Now →
