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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 2024-02-05 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 94049

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	845.65	838.85	848.90	838.00	1.14 times
02 Fri Feb 2024	838.85	849.25	851.20	835.05	1.443 times
01 Thu Feb 2024	847.00	854.00	857.95	844.00	1.272 times
31 Wed Jan 2024	860.10	848.50	869.00	848.00	1.081 times
30 Tue Jan 2024	845.20	849.10	854.70	842.45	0.792 times
29 Mon Jan 2024	844.85	850.60	855.60	842.35	0.758 times
25 Thu Jan 2024	851.35	854.20	858.35	849.05	0.7 times
24 Wed Jan 2024	854.20	858.15	860.50	849.55	1.396 times
23 Tue Jan 2024	854.80	868.80	871.95	851.90	1.048 times
22 Mon Jan 2024	868.80	875.00	879.00	866.60	0.493 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 849.2, but if it comes above 849.2, then a intra day buy could be more profitable.
If you take a sell trade below 849.2, then use 849.2 as stoploss and 824 as target. However if you take a buy trade in stock , then use 849.2 as stoploss and 870.14 as target.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	835.05
Upside Target	885.00
Upside Target	890.00
Upside Target	890.60
Upside Target	899.55
Upside Target	909.00
Upside Target	911.50
Upside Target	927.95
Upside Target	936.85
Upside Target	959.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	839.47
Downside Intraday Target	833.28
Upside Intraday Target	850.37
Upside Intraday Target	855.08
Downside Intraday Target	844.18

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	845.65	838.85	848.90	838.00	0.213 times
02 Fri Feb 2024	838.85	850.60	869.00	835.05	1.47 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

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
05 Mon Feb 2024	845.65	854.00	857.95	835.05	0.198 times
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

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 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 gaining 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 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 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

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 849.95 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.