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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 2024-03-15 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 58942

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	887.90	803.00	949.00	803.00	8.655 times
14 Thu Mar 2024	803.20	802.70	811.90	799.05	1.002 times
13 Wed Mar 2024	806.00	815.00	821.35	799.10	1.94 times
12 Tue Mar 2024	817.85	826.00	831.05	811.60	1.132 times
11 Mon Mar 2024	826.85	838.40	839.75	826.00	0.735 times
07 Thu Mar 2024	838.40	831.50	843.50	830.05	1.357 times
06 Wed Mar 2024	831.50	836.55	838.30	825.10	0.929 times
05 Tue Mar 2024	834.15	832.00	838.45	830.00	0.623 times
04 Mon Mar 2024	830.55	832.40	836.95	828.00	1.284 times
02 Sat Mar 2024	831.95	839.95	840.00	826.10	0.193 times

Stock of Relaxo Footwears (RELAXO) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 869.9, for a target of 850.5 or 834.31

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	799.05
Downside Target	825.10
Downside Target	874.50
Downside Target	882.00
Downside Target	885.00
Upside Target	890.60
Upside Target	911.50
Upside Target	927.95
Upside Target	949.00
Upside Target	959.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	808.3
Downside Intraday Target	728.7
Upside Intraday Target	958.25
Upside Intraday Target	1028.6
Downside Intraday Target	878.65

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	887.90	838.40	949.00	799.05	3.21 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Relaxo Footwears (RELAXO)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	887.90	839.85	949.00	799.05	0.502 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 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 Strong 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 in or above 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 853.98 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 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 positive

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