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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 2024-06-20 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 65830

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	836.80	829.05	845.50	828.70	1.307 times
19 Wed Jun 2024	829.05	830.00	835.15	826.85	0.86 times
18 Tue Jun 2024	831.65	834.00	836.85	826.05	1.246 times
14 Fri Jun 2024	834.10	834.45	839.75	830.00	0.725 times
13 Thu Jun 2024	834.45	830.00	837.45	828.00	0.948 times
12 Wed Jun 2024	829.60	832.00	835.95	826.00	0.861 times
11 Tue Jun 2024	831.85	835.00	837.50	829.20	0.84 times
10 Mon Jun 2024	833.90	825.00	839.00	823.10	1.17 times
07 Fri Jun 2024	820.25	819.00	828.00	815.60	1.045 times
06 Thu Jun 2024	814.95	815.70	819.00	806.00	1.109 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 834, but if it comes below 834, then a intra day sell could be more profitable.
If you take a sell trade below 834, then use 834 as stoploss and 817.42 as target. However if you take a buy trade in stock , then use 834 as stoploss and 853.9 as target.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	758.25
Downside Target	788.00
Downside Target	810.00
Upside Target	839.75
Upside Target	839.95
Upside Target	845.50
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	826.73
Downside Intraday Target	816.67
Upside Intraday Target	846.18
Upside Intraday Target	855.57
Downside Intraday Target	836.12

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	836.80	834.00	845.50	826.05	0.751 times
14 Fri Jun 2024	834.10	825.00	839.75	823.10	0.754 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

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
20 Thu Jun 2024	836.80	801.10	845.50	758.25	0.713 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 to mid 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 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 BUY signal for Relaxo Footwears in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 but buying is losing 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 829.63 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.