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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 2024-05-22 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 68060

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	832.25	826.00	839.95	826.00	0.653 times
21 Tue May 2024	825.50	830.00	831.00	823.55	0.642 times
18 Sat May 2024	829.85	833.35	836.85	828.40	0.099 times
17 Fri May 2024	832.70	830.95	837.90	828.60	0.414 times
16 Thu May 2024	830.95	831.00	835.80	828.00	0.499 times
15 Wed May 2024	826.65	831.05	836.15	826.00	1.272 times
14 Tue May 2024	830.55	841.10	841.10	830.00	0.545 times
13 Mon May 2024	835.70	845.00	849.00	830.00	0.938 times
10 Fri May 2024	851.30	831.00	860.35	827.60	2.08 times
09 Thu May 2024	842.55	849.60	869.00	835.75	2.478 times

My analysis of stock is bearish for shortterm, and stock might move down till 826.4 or till 818.1. Use a stoploss of 833.38 and if the stock hits stoploss, then it can shoot up till 840.32

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	762.45
Downside Target	810.00
Upside Target	849.00
Upside Target	850.00
Upside Target	869.00
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	823.88
Downside Intraday Target	815.52
Upside Intraday Target	840.28
Upside Intraday Target	848.32
Downside Intraday Target	831.92

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	832.25	830.00	839.95	823.55	0.344 times
18 Sat May 2024	829.85	845.00	849.00	826.00	0.518 times
10 Fri May 2024	851.30	825.15	869.00	821.10	2.6 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

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
22 Wed May 2024	832.25	840.00	869.00	818.05	0.718 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 neutral. A longer time frame might give a better analysis.

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 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 getting stronger in this stock.

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 838 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.