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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 2024-02-23 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 124052

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	840.50	843.15	847.05	838.50	0.395 times
22 Thu Feb 2024	843.00	845.00	851.00	838.40	0.391 times
21 Wed Feb 2024	841.05	834.90	853.60	832.25	0.806 times
20 Tue Feb 2024	832.10	837.35	839.95	831.75	1.961 times
19 Mon Feb 2024	837.35	841.50	844.00	837.00	0.37 times
16 Fri Feb 2024	842.05	849.90	860.80	835.95	0.626 times
15 Thu Feb 2024	847.60	845.00	852.80	843.00	0.412 times
14 Wed Feb 2024	850.40	860.00	861.15	848.80	3.717 times
13 Tue Feb 2024	867.70	844.20	874.50	837.50	0.528 times
12 Mon Feb 2024	841.75	851.85	856.55	839.10	0.357 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 837.7 as stoploss in an intra day buy trade for a target of 848.67. However, stock will show a bearish move below 837.7.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	831.75
Upside Target	879.00
Upside Target	882.00
Upside Target	885.00
Upside Target	890.60
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	830.3
Downside Intraday Target	820.1
Upside Intraday Target	852.15
Upside Intraday Target	863.8
Upside Intraday Target	841.95

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	840.50	841.50	853.60	831.75	0.696 times
16 Fri Feb 2024	842.05	851.85	874.50	835.95	1.41 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

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
23 Fri Feb 2024	840.50	854.00	882.00	831.75	1.056 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 Strong and stock is losing momentum.

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

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 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 positive zone. This is a BUY 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 844.61 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.