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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.

Showing technical analysis as on 2024-01-05 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 73828

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	902.05	901.10	906.30	900.00	1.153 times
04 Thu Jan 2024	901.60	901.65	911.50	899.00	1.093 times
03 Wed Jan 2024	899.20	899.00	904.90	897.20	0.53 times
02 Tue Jan 2024	902.70	903.00	906.70	896.00	0.974 times
01 Mon Jan 2024	903.40	903.50	909.95	900.40	0.994 times
29 Fri Dec 2023	903.50	895.35	904.45	895.30	1.406 times
28 Thu Dec 2023	895.35	896.10	904.40	893.00	1.171 times
27 Wed Dec 2023	896.50	899.90	902.80	893.85	0.836 times
26 Tue Dec 2023	895.50	901.90	905.90	893.00	1.105 times
22 Fri Dec 2023	898.15	897.90	906.70	894.40	0.842 times

My analysis of stock is bearish for shortterm, and stock might move down till 897.4 or till 888.2. Use a stoploss of 904.95 and if the stock hits stoploss, then it can shoot up till 912.54

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	860.00
Downside Target	880.00
Upside Target	911.50
Upside Target	913.60
Upside Target	925.00
Upside Target	927.95
Upside Target	935.00
Upside Target	936.85
Upside Target	959.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	894.87
Downside Intraday Target	887.68
Upside Intraday Target	910.37
Upside Intraday Target	918.68
Upside Intraday Target	903.18

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	902.05	903.50	911.50	896.00	1.05 times
29 Fri Dec 2023	903.50	901.90	905.90	893.00	0.892 times
22 Fri Dec 2023	898.15	908.30	913.60	890.60	0.901 times
15 Fri Dec 2023	911.15	919.00	925.00	905.00	1.044 times
08 Fri Dec 2023	918.75	918.00	927.95	906.05	1.035 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
05 Fri Jan 2024	902.05	903.50	911.50	896.00	0.214 times
29 Fri Dec 2023	903.50	910.05	927.95	890.60	0.874 times
30 Thu Nov 2023	910.05	891.65	959.00	885.00	1.205 times
31 Tue Oct 2023	898.00	900.65	936.85	860.00	0.841 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Relaxo Footwears ( (RELAXO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Relaxo Footwears ( (RELAXO) ) based on a short to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Relaxo Footwears stock for short term is BUY. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

CCI has generated a SELL signal for Relaxo Footwears in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 899.97 and Relaxo Footwears (RELAXO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

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