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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 2024-01-10 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 73839

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	891.65	895.50	902.25	890.00	0.927 times
09 Tue Jan 2024	895.05	896.05	904.00	891.65	0.861 times
08 Mon Jan 2024	896.60	900.05	909.00	895.00	0.983 times
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	0.993 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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 894.9, but if it comes above 894.9, then a intra day buy could be more profitable.
If you take a sell trade below 894.9, then use 894.9 as stoploss and 886.6 as target. However if you take a buy trade in stock , then use 894.9 as stoploss and 901.9 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	884.77
Downside Intraday Target	877.88
Upside Intraday Target	903.77
Upside Intraday Target	915.88
Upside Intraday Target	896.88

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	891.65	900.05	909.00	890.00	0.584 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
10 Wed Jan 2024	891.65	903.50	911.50	890.00	0.338 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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.

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

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

Relaxo Footwears Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 899.39 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 negative.

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