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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 2024-05-07 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 56098

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	838.60	828.60	841.00	825.00	1.258 times
06 Mon May 2024	828.60	825.15	834.00	821.10	0.779 times
03 Fri May 2024	825.45	834.45	834.45	818.05	0.715 times
02 Thu May 2024	829.70	840.00	841.60	825.00	0.731 times
30 Tue Apr 2024	834.30	832.25	850.00	815.50	1.235 times
29 Mon Apr 2024	832.25	832.00	843.60	827.05	0.711 times
26 Fri Apr 2024	831.25	843.05	850.00	828.00	1.075 times
25 Thu Apr 2024	840.45	823.70	845.45	823.15	2.04 times
24 Wed Apr 2024	823.70	826.30	833.40	820.00	0.953 times
23 Tue Apr 2024	821.80	824.75	826.95	815.90	0.626 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 835.7, but if it comes below 835.7, then a intra day sell could be more profitable.
If you take a sell trade below 835.7, then use 835.7 as stoploss and 827.91 as target. However if you take a buy trade in stock , then use 835.7 as stoploss and 845 as target.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	762.45
Downside Target	810.00
Upside Target	841.60
Upside Target	842.35
Upside Target	845.90
Upside Target	850.00
Upside Target	882.00
Upside Target	911.50
Upside Target	949.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	826.13
Downside Intraday Target	813.67
Upside Intraday Target	846.03
Upside Intraday Target	853.47
Downside Intraday Target	833.57

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	838.60	825.15	841.00	821.10	0.6 times
03 Fri May 2024	825.45	832.00	850.00	815.50	0.582 times
26 Fri Apr 2024	831.25	814.15	850.00	810.00	1.81 times
19 Fri Apr 2024	814.15	820.10	834.05	810.00	0.832 times
12 Fri Apr 2024	830.20	835.25	845.90	825.00	0.486 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 Tue May 2024	838.60	840.00	841.60	818.05	0.153 times
30 Tue Apr 2024	834.30	824.95	850.00	810.00	0.443 times
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

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 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 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 SELL. 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. Bulls are getting stronger in this stock.

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 832.44 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 negative.

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