Is Relaxo Footwear technically bullish or bearish?

Oct 14 2025 08:16 AM IST
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As of 13 October 2025, Relaxo Footwear's technical trend is strongly bearish, indicated by bearish MACD readings, Bollinger Bands, and moving averages, despite a bullish monthly RSI, with significant underperformance relative to the Sensex.
As of 13 October 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Relaxo Footwear is bearish with a strong indication. Key indicators driving this stance include bearish MACD readings on both the weekly and monthly time frames, bearish Bollinger Bands, and a bearish daily moving average. Although the monthly RSI shows bullishness, it is overshadowed by the overall bearish signals from other indicators. The KST is mildly bearish on the weekly and bearish on the monthly, further supporting the bearish outlook. The stock's performance relative to the Sensex shows significant underperformance over multiple periods, reinforcing the bearish sentiment.
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