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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 2024-03-18 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 105213

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	854.75	869.95	887.90	850.00	2.886 times
15 Fri Mar 2024	887.90	803.00	949.00	803.00	4.849 times
14 Thu Mar 2024	803.20	802.70	811.90	799.05	0.561 times
13 Wed Mar 2024	806.00	815.00	821.35	799.10	1.087 times
12 Tue Mar 2024	817.85	826.00	831.05	811.60	0.634 times
11 Mon Mar 2024	826.85	838.40	839.75	826.00	0.412 times
07 Thu Mar 2024	838.40	831.50	843.50	830.05	0.76 times
06 Wed Mar 2024	831.50	836.55	838.30	825.10	0.521 times
05 Tue Mar 2024	834.15	832.00	838.45	830.00	0.349 times
04 Mon Mar 2024	830.55	832.40	836.95	828.00	0.719 times

Stock of Relaxo Footwears (RELAXO) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 851.9, but if it comes below 851.9, then a intra day sell could be more profitable.
If you take a sell trade below 851.9, then use 851.9 as stoploss and 835.18 as target. However if you take a buy trade in stock , then use 851.9 as stoploss and 872.1 as target.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	799.05
Downside Target	825.10
Upside Target	882.00
Upside Target	885.00
Upside Target	887.90
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	840.53
Downside Intraday Target	826.32
Upside Intraday Target	878.43
Upside Intraday Target	902.12
Upside Intraday Target	864.22

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	854.75	869.95	887.90	850.00	0.383 times
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

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
18 Mon Mar 2024	854.75	839.85	949.00	799.05	0.64 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 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 to mid 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 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 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 coming down

CCI has generated a SELL signal for Relaxo Footwears in short term but SELL 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 854.34 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.