Is ReNew Energy Global Plc technically bullish or bearish?

Sep 23 2025 11:22 AM IST
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As of September 19, 2025, ReNew Energy Global Plc shows a mildly bullish trend, supported by strong monthly indicators and daily moving averages, despite mixed weekly signals and underperformance compared to the S&P 500 over the past three years.
As of 19 September 2025, the technical trend for ReNew Energy Global Plc has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD indicates a bullish stance. The weekly RSI is bearish, but the monthly RSI shows no signal. Bollinger Bands are bullish on both weekly and monthly time frames. Daily moving averages are bullish, and the KST shows a mildly bearish trend weekly but bullish monthly. Dow Theory indicates a mildly bullish trend weekly with no trend monthly. The OBV is neutral weekly and mildly bullish monthly.

In terms of returns, ReNew Energy has outperformed the S&P 500 on a year-to-date basis (14.79% vs. 13.31%) and over the past year (19.51% vs. 16.64%), but it significantly lags behind the S&P 500 over the 3-year period (18.79% vs. 70.89%). Overall, the current technical stance is mildly bullish, driven by strong monthly indicators and daily moving averages.
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Our weekly and monthly stock recommendations are here
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