Is Relaxo Footwear technically bullish or bearish?

Nov 19 2025 08:14 AM IST
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As of November 18, 2025, Relaxo Footwear's technical trend has shifted to a moderate bearish stance, driven by bearish signals from the MACD, KST, and moving averages, despite a bullish monthly RSI.
As of 18 November 2025, the technical trend for Relaxo Footwear has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the weekly MACD and KST both showing bearish signals, along with daily moving averages confirming a bearish trend. The Bollinger Bands are also bearish on both weekly and monthly time frames. Although the monthly RSI indicates bullishness, the overall technical picture remains negative due to the prevailing bearish signals in the shorter time frames.
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