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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 2024-03-28 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 188489

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	817.30	785.10	832.45	782.00	3.141 times
27 Wed Mar 2024	776.10	813.15	819.45	762.45	2.512 times
26 Tue Mar 2024	815.55	827.30	833.40	814.25	0.674 times
22 Fri Mar 2024	830.80	832.00	837.45	828.50	0.314 times
21 Thu Mar 2024	831.20	836.05	837.35	826.00	0.356 times
20 Wed Mar 2024	834.05	848.00	856.00	830.00	0.406 times
19 Tue Mar 2024	846.45	853.75	855.25	834.15	0.501 times
18 Mon Mar 2024	854.75	869.95	887.90	850.00	1.611 times
15 Fri Mar 2024	887.90	803.00	949.00	803.00	2.706 times
14 Thu Mar 2024	803.20	802.70	811.90	799.05	0.313 times

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

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 808 as stoploss in an intra day buy trade for a target of 829.4. However, stock will show a bearish move below 808.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	762.45
Downside Target	799.05
Upside 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	775.37
Downside Intraday Target	733.43
Upside Intraday Target	846.32
Upside Intraday Target	875.33
Downside Intraday Target	804.38

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	817.30	827.30	833.40	762.45	1.984 times
22 Fri Mar 2024	830.80	869.95	887.90	826.00	0.757 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

Price has moved down 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
28 Thu Mar 2024	817.30	839.85	949.00	762.45	1.32 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Relaxo Footwears in short term and the sell signal is strong.

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 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 831.1 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 is giving positive 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.