Is Relaxo Footwear technically bullish or bearish?

Nov 08 2025 08:13 AM IST
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As of November 7, 2025, Relaxo Footwear's trend is mildly bearish due to bearish signals from the weekly MACD and Bollinger Bands, despite some counterbalance from daily moving averages and mixed momentum across timeframes.
As of 7 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 Bollinger Bands indicating bearish signals, alongside a mildly bearish reading from the Dow Theory. The daily moving averages are mildly bullish, providing some counterbalance, but overall momentum is weak. The RSI shows no signal on the weekly timeframe, while it remains bullish on the monthly, suggesting mixed signals across timeframes. The stock's recent performance has been poor, with significant declines over the past year and three years compared to the Sensex.
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