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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 2024-03-07 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 52834

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	838.40	831.50	843.50	830.05	1.514 times
06 Wed Mar 2024	831.50	836.55	838.30	825.10	1.037 times
05 Tue Mar 2024	834.15	832.00	838.45	830.00	0.695 times
04 Mon Mar 2024	830.55	832.40	836.95	828.00	1.432 times
02 Sat Mar 2024	831.95	839.95	840.00	826.10	0.216 times
01 Fri Mar 2024	837.75	839.85	845.40	832.00	0.897 times
29 Thu Feb 2024	835.70	839.90	839.90	827.25	1.343 times
28 Wed Feb 2024	837.20	835.05	841.70	830.55	1.236 times
27 Tue Feb 2024	834.80	839.50	842.00	830.00	1.189 times
26 Mon Feb 2024	838.30	837.60	842.00	835.00	1.028 times

My analysis of stock is bearish for shortterm, and stock might move down till 831.5 or till 821.7. Use a stoploss of 839.69 and if the stock hits stoploss, then it can shoot up till 847.88

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	825.10
Upside Target	853.60
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	827.83
Downside Intraday Target	817.27
Upside Intraday Target	846.23
Upside Intraday Target	854.07
Downside Intraday Target	835.67

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	838.40	832.40	843.50	825.10	0.792 times
02 Sat Mar 2024	831.95	837.60	845.40	826.10	0.641 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

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
07 Thu Mar 2024	838.40	839.85	845.40	825.10	0.14 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 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 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.

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

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 moving up

CCI has generated a buy signal for Relaxo Footwears in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 835.3 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.