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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 2024-03-14 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 60131

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	803.20	802.70	811.90	799.05	0.982 times
13 Wed Mar 2024	806.00	815.00	821.35	799.10	1.901 times
12 Tue Mar 2024	817.85	826.00	831.05	811.60	1.109 times
11 Mon Mar 2024	826.85	838.40	839.75	826.00	0.721 times
07 Thu Mar 2024	838.40	831.50	843.50	830.05	1.33 times
06 Wed Mar 2024	831.50	836.55	838.30	825.10	0.911 times
05 Tue Mar 2024	834.15	832.00	838.45	830.00	0.611 times
04 Mon Mar 2024	830.55	832.40	836.95	828.00	1.259 times
02 Sat Mar 2024	831.95	839.95	840.00	826.10	0.19 times
01 Fri Mar 2024	837.75	839.85	845.40	832.00	0.789 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 808.4, for a target of 821.3 or 832.01

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	799.05
Upside Target	825.10
Upside Target	845.40
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	788.25
Downside Intraday Target	773.3
Upside Intraday Target	828.95
Upside Intraday Target	854.7
Upside Intraday Target	814

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	803.20	838.40	839.75	799.05	1.147 times
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

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
14 Thu Mar 2024	803.20	839.85	845.40	799.05	0.269 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 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 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.

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 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 823.32 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.