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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 2024-06-05 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 59176

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	806.95	781.70	812.00	781.70	1.329 times
04 Tue Jun 2024	781.70	789.45	795.35	758.25	1.964 times
03 Mon Jun 2024	789.40	801.10	815.00	786.05	1.019 times
31 Fri May 2024	789.25	804.50	804.50	788.00	0.889 times
30 Thu May 2024	800.30	812.95	812.95	798.00	0.835 times
29 Wed May 2024	808.90	806.00	819.60	803.10	0.98 times
28 Tue May 2024	807.80	816.15	818.75	806.45	0.959 times
27 Mon May 2024	816.15	820.10	829.90	815.00	1.15 times
24 Fri May 2024	822.40	828.95	832.45	820.20	0.728 times
23 Thu May 2024	828.95	830.00	834.90	826.00	0.726 times

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 801.2 as stoploss in an intra day buy trade for a target of 819.49. However, stock will show a bearish move below 801.2.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	758.25
Downside Target	788.00
Upside Target	810.00
Upside Target	829.90
Upside Target	839.95
Upside Target	849.00
Upside Target	850.00
Upside Target	869.00
Upside Target	882.00
Upside Target	949.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	771.8
Downside Intraday Target	736.65
Upside Intraday Target	828.55
Upside Intraday Target	850.15
Downside Intraday Target	793.4

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	806.95	801.10	815.00	758.25	0.896 times
31 Fri May 2024	789.25	820.10	829.90	788.00	1.635 times
24 Fri May 2024	822.40	830.00	839.95	820.20	0.679 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

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
05 Wed Jun 2024	806.95	801.10	815.00	758.25	0.198 times
31 Fri May 2024	789.25	840.00	869.00	788.00	1.008 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

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 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 Strong 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 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 in or above 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 802.39 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 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.