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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 2024-01-31 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 84271

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	860.10	848.50	869.00	848.00	1.207 times
30 Tue Jan 2024	845.20	849.10	854.70	842.45	0.884 times
29 Mon Jan 2024	844.85	850.60	855.60	842.35	0.846 times
25 Thu Jan 2024	851.35	854.20	858.35	849.05	0.781 times
24 Wed Jan 2024	854.20	858.15	860.50	849.55	1.558 times
23 Tue Jan 2024	854.80	868.80	871.95	851.90	1.17 times
22 Mon Jan 2024	868.80	875.00	879.00	866.60	0.55 times
19 Fri Jan 2024	871.55	873.10	888.80	870.40	1.135 times
18 Thu Jan 2024	873.45	885.40	889.75	872.00	1.18 times
17 Wed Jan 2024	885.35	889.95	893.95	883.05	1.008 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 858.6 as stoploss in an intra day buy trade for a target of 878.7. However, stock will show a bearish move below 858.6.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	842.35
Upside Target	896.00
Upside Target	899.55
Upside Target	909.00
Upside Target	911.50
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	845.3
Downside Intraday Target	830.5
Upside Intraday Target	871.95
Upside Intraday Target	883.8
Downside Intraday Target	857.15

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	860.10	850.60	869.00	842.35	0.723 times
25 Thu Jan 2024	851.35	875.00	879.00	849.05	0.799 times
19 Fri Jan 2024	871.55	895.60	899.55	870.40	0.916 times
12 Fri Jan 2024	895.20	900.05	909.00	890.00	1.335 times
05 Fri Jan 2024	902.05	903.50	911.50	896.00	1.05 times

Price has moved up 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
31 Wed Jan 2024	860.10	903.50	911.50	842.35	1.12 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Strong and stock is losing momentum.

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

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

Relaxo Footwears Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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

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 861.14 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.