Is Relaxo Footwear technically bullish or bearish?

Oct 08 2025 08:07 AM IST
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As of October 7, 2025, Relaxo Footwear's technical trend is mildly bearish, influenced by daily moving averages and weekly KST showing bearish momentum, despite a mildly bullish weekly MACD and a bullish monthly RSI, indicating underlying weakness.
As of 7 October 2025, the technical trend for Relaxo Footwear has changed from bearish to mildly bearish. The current technical stance is mildly bearish, driven primarily by the daily moving averages indicating bearish momentum and the weekly KST also showing a mildly bearish signal. While the weekly MACD is mildly bullish, the monthly MACD and Bollinger Bands remain bearish, suggesting underlying weakness. The RSI on the monthly timeframe is bullish, but the lack of a clear trend in the Dow Theory and the overall negative returns compared to the Sensex further support the bearish outlook.
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