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(RELAXO) Relaxo Footwears complete technical analysis [charts+indicators] | Buy/Sell Relaxo Footwears | (RELAXO) share price targets

Complete technical analysis of Relaxo Footwears (RELAXO) by charts plus indicators, forecast predictions and share price targets for Relaxo Footwears (RELAXO)

Relaxo Footwears trades in NSE in Footwear sector.

10 day averaged volume of Relaxo Footwears is 55695

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	825.45	834.45	834.45	818.05	0.72 times
02 Thu May 2024	829.70	840.00	841.60	825.00	0.736 times
30 Tue Apr 2024	834.30	832.25	850.00	815.50	1.244 times
29 Mon Apr 2024	832.25	832.00	843.60	827.05	0.716 times
26 Fri Apr 2024	831.25	843.05	850.00	828.00	1.083 times
25 Thu Apr 2024	840.45	823.70	845.45	823.15	2.054 times
24 Wed Apr 2024	823.70	826.30	833.40	820.00	0.959 times
23 Tue Apr 2024	821.80	824.75	826.95	815.90	0.63 times
22 Mon Apr 2024	812.45	814.15	822.00	810.00	1.144 times
19 Fri Apr 2024	814.15	819.00	822.00	810.10	0.648 times

My analysis of stock is bearish for shortterm, and stock might move down till 820.2 or till 810.2. Use a stoploss of 828.59 and if the stock hits stoploss, then it can shoot up till 836.97

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	762.45
Downside Target	810.00
Upside Target	842.35
Upside Target	845.90
Upside Target	846.00
Upside Target	850.00
Upside Target	882.00
Upside Target	911.50
Upside Target	949.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	810.63
Downside Intraday Target	795.82
Upside Intraday Target	845.13
Upside Intraday Target	864.82
Upside Intraday Target	830.32

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	825.45	832.00	850.00	815.50	0.582 times
26 Fri Apr 2024	831.25	814.15	850.00	810.00	1.81 times
19 Fri Apr 2024	814.15	820.10	834.05	810.00	0.832 times
12 Fri Apr 2024	830.20	835.25	845.90	825.00	0.486 times
05 Fri Apr 2024	840.45	824.95	846.00	813.00	0.375 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Relaxo Footwears (RELAXO)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	825.45	840.00	841.60	818.05	0.063 times
30 Tue Apr 2024	834.30	824.95	850.00	810.00	0.443 times
28 Thu Mar 2024	817.30	839.85	949.00	762.45	1.32 times
29 Thu Feb 2024	835.70	854.00	882.00	827.25	1.194 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Relaxo Footwears (RELAXO)

Price action analysis of Relaxo Footwears ( (RELAXO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Relaxo Footwears ( (RELAXO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Relaxo Footwears ( (RELAXO) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Relaxo Footwears ( (RELAXO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Relaxo Footwears stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Relaxo Footwears in short term but the buy signal is initial and weak.

Relaxo Footwears Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Relaxo Footwears in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Relaxo Footwears is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 828.46 and Relaxo Footwears (RELAXO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Relaxo Footwears (RELAXO) stock. Volume based technical analysis of Relaxo Footwears (RELAXO) stock is negative.

Relaxo Footwears Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.