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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 2024-01-08 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 74600

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	896.60	900.05	909.00	895.00	0.973 times
05 Fri Jan 2024	902.05	901.10	906.30	900.00	1.141 times
04 Thu Jan 2024	901.60	901.65	911.50	899.00	1.082 times
03 Wed Jan 2024	899.20	899.00	904.90	897.20	0.524 times
02 Tue Jan 2024	902.70	903.00	906.70	896.00	0.964 times
01 Mon Jan 2024	903.40	903.50	909.95	900.40	0.983 times
29 Fri Dec 2023	903.50	895.35	904.45	895.30	1.392 times
28 Thu Dec 2023	895.35	896.10	904.40	893.00	1.159 times
27 Wed Dec 2023	896.50	899.90	902.80	893.85	0.828 times
26 Tue Dec 2023	895.50	901.90	905.90	893.00	1.093 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 896.7, but if it comes above 896.7, then a intra day buy could be more profitable.
If you take a sell trade below 896.7, then use 896.7 as stoploss and 888.2 as target. However if you take a buy trade in stock , then use 896.7 as stoploss and 903.84 as target.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	860.00
Downside Target	880.00
Upside Target	909.00
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	891.4
Downside Intraday Target	886.2
Upside Intraday Target	905.4
Upside Intraday Target	914.2
Upside Intraday Target	900.2

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	896.60	900.05	909.00	895.00	0.207 times
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

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
08 Mon Jan 2024	896.60	903.50	911.50	895.00	0.258 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 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

MACD generated a SELL signal for Relaxo Footwears in short term and the sell signal is strong.

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 899.8 and Relaxo Footwears (RELAXO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.