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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 2024-03-01 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 81771

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	837.75	839.85	845.40	832.00	0.58 times
29 Thu Feb 2024	835.70	839.90	839.90	827.25	0.867 times
28 Wed Feb 2024	837.20	835.05	841.70	830.55	0.798 times
27 Tue Feb 2024	834.80	839.50	842.00	830.00	0.768 times
26 Mon Feb 2024	838.30	837.60	842.00	835.00	0.664 times
23 Fri Feb 2024	840.50	843.15	847.05	838.50	0.599 times
22 Thu Feb 2024	843.00	845.00	851.00	838.40	0.594 times
21 Wed Feb 2024	841.05	834.90	853.60	832.25	1.222 times
20 Tue Feb 2024	832.10	837.35	839.95	831.75	2.975 times
19 Mon Feb 2024	837.35	841.50	844.00	837.00	0.562 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 834.4 as stoploss in an intra day buy trade for a target of 846.05. However, stock will show a bearish move below 834.4.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	827.25
Upside Target	869.00
Upside Target	874.50
Upside Target	882.00
Upside Target	885.00
Upside Target	890.60
Upside Target	911.50
Upside Target	927.95
Upside Target	959.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	828.2
Downside Intraday Target	818.65
Upside Intraday Target	846.35
Upside Intraday Target	854.95
Downside Intraday Target	836.8

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	837.75	837.60	845.40	827.25	0.618 times
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

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
01 Fri Mar 2024	837.75	839.85	845.40	832.00	0.022 times
29 Thu Feb 2024	835.70	854.00	882.00	827.25	1.194 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

Scroll below to view daily charts

Price has moved up 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 BUY. Signal strength is Weak and stock is gaining 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 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 but buying is losing 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 836.47 and Relaxo Footwears (RELAXO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.