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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 2024-02-15 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 132255

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	847.60	845.00	852.80	843.00	0.387 times
14 Wed Feb 2024	850.40	860.00	861.15	848.80	3.486 times
13 Tue Feb 2024	867.70	844.20	874.50	837.50	0.495 times
12 Mon Feb 2024	841.75	851.85	856.55	839.10	0.335 times
09 Fri Feb 2024	851.90	863.95	864.65	848.60	0.78 times
08 Thu Feb 2024	859.95	878.75	878.75	855.00	0.506 times
07 Wed Feb 2024	878.75	860.00	882.00	853.00	1.023 times
06 Tue Feb 2024	857.55	845.95	865.00	845.70	0.634 times
05 Mon Feb 2024	845.65	838.85	848.90	838.00	0.811 times
02 Fri Feb 2024	838.85	849.25	851.20	835.05	1.026 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 844.5 as stoploss in an intra day buy trade for a target of 855.57. However, stock will show a bearish move below 844.5.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	835.05
Upside Target	882.00
Upside Target	885.00
Upside Target	890.60
Upside Target	899.55
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	831.9
Downside Intraday Target	816.2
Upside Intraday Target	868.9
Upside Intraday Target	890.2
Upside Intraday Target	853.2

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	847.60	851.85	874.50	837.50	1.253 times
09 Fri Feb 2024	851.90	838.85	882.00	838.00	0.987 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

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
15 Thu Feb 2024	847.60	854.00	882.00	835.05	0.748 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 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 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 to mid 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Relaxo Footwears in short term but the buy signal is initial and weak.

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 weakening, and bulls are picking up momentum!

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

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 853.4 and Relaxo Footwears (RELAXO) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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