Is Reliance Communi technically bullish or bearish?

Jun 10 2025 08:16 AM IST
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As of June 9, 2025, Reliance Communi shows a mildly bearish trend with mixed signals from indicators like MACD and RSI, suggesting downward pressure despite some bullish signs on the weekly Bollinger Bands.
As of 9 June 2025, the technical trend for Reliance Communi has changed from does not qualify to mildly bearish. The current stance is bearish with moderate strength. The weekly MACD indicates a mildly bullish trend, but the weekly RSI is bearish, suggesting downward pressure. Daily moving averages are also mildly bearish, reinforcing the negative sentiment. The Bollinger Bands show a mildly bullish signal on the weekly but bearish on the monthly, indicating mixed signals. Overall, the lack of a clear trend in Dow Theory and the negative performance relative to the Sensex in the short term further supports the bearish outlook.
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