Is Relaxo Footwear technically bullish or bearish?

Sep 09 2025 08:08 AM IST
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As of September 8, 2025, Relaxo Footwear's technical trend has shifted to mildly bearish, with daily moving averages indicating bearish sentiment, while mixed signals from MACD and RSI suggest a cautious outlook.
As of 8 September 2025, the technical trend for Relaxo Footwear has changed from mildly bullish to mildly bearish. The current technical stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish sentiment. The weekly MACD remains mildly bullish, but the monthly MACD is bearish, suggesting a divergence in time frames. The RSI shows no signal on the weekly chart while being bullish on the monthly, indicating mixed momentum. Bollinger Bands reflect a mildly bullish stance weekly but are mildly bearish monthly. Overall, the indicators suggest a cautious outlook with bearish tendencies prevailing in the short term.
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