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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 2024-06-11 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 69074

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	831.85	835.00	837.50	829.20	0.801 times
10 Mon Jun 2024	833.90	825.00	839.00	823.10	1.115 times
07 Fri Jun 2024	820.25	819.00	828.00	815.60	0.996 times
06 Thu Jun 2024	814.95	815.70	819.00	806.00	1.057 times
05 Wed Jun 2024	806.95	781.70	812.00	781.70	1.138 times
04 Tue Jun 2024	781.70	789.45	795.35	758.25	1.682 times
03 Mon Jun 2024	789.40	801.10	815.00	786.05	0.873 times
31 Fri May 2024	789.25	804.50	804.50	788.00	0.762 times
30 Thu May 2024	800.30	812.95	812.95	798.00	0.716 times
29 Wed May 2024	808.90	806.00	819.60	803.10	0.839 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 832.3 as stoploss in an intra day sell trade for a target of 816.53. However, stock will show a bullish move above 832.3.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	758.25
Downside Target	788.00
Downside Target	810.00
Upside Target	839.00
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	823.63
Downside Intraday Target	815.42
Upside Intraday Target	839.53
Upside Intraday Target	847.22
Downside Intraday Target	831.32

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	831.85	825.00	839.00	823.10	0.333 times
07 Fri Jun 2024	820.25	801.10	828.00	758.25	1.394 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

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
11 Tue Jun 2024	831.85	801.10	839.00	758.25	0.41 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Relaxo Footwears stock for short term is BUY. 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

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

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 806.68 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.