Is Relaxo Footwear technically bullish or bearish?

Nov 05 2025 08:30 AM IST
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As of November 4, 2025, Relaxo Footwear's trend is mildly bearish due to bearish signals from weekly MACD and KST, despite some mildly bullish indicators on the daily and monthly charts.
As of 4 November 2025, the technical trend for Relaxo Footwear has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and KST both indicating bearish signals, while the Bollinger Bands also reflect a bearish condition. The daily moving averages show a mildly bullish trend, but this is overshadowed by the overall bearish sentiment in the weekly indicators. The monthly MACD and RSI are mildly bullish and bullish respectively, but they do not outweigh the bearish signals in the weekly timeframe. Overall, the strength of the bearish stance is moderate, influenced by the lack of positive momentum in the weekly indicators.
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