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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 2024-06-28 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 75680

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	827.30	816.40	833.00	816.40	1.33 times
27 Thu Jun 2024	816.40	828.00	831.25	811.50	2.081 times
26 Wed Jun 2024	827.70	830.35	835.00	825.05	0.854 times
25 Tue Jun 2024	831.95	832.00	834.40	828.40	0.476 times
24 Mon Jun 2024	830.20	825.35	835.50	825.35	0.639 times
21 Fri Jun 2024	830.05	837.00	844.95	826.65	1.526 times
20 Thu Jun 2024	836.80	829.05	845.50	828.70	1.136 times
19 Wed Jun 2024	829.05	830.00	835.15	826.85	0.748 times
18 Tue Jun 2024	831.65	834.00	836.85	826.05	1.084 times
14 Fri Jun 2024	834.10	834.45	839.75	830.00	0.631 times

My analysis of stock is bullish for shortterm, and stock might move up till 837.7 or till 857.2. Use a stoploss of 821.38 and if this stock hits its stoploss, then it can fall down till 805.08

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	758.25
Downside Target	788.00
Downside Target	810.00
Upside Target	835.50
Upside Target	839.75
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	814.03
Downside Intraday Target	800.77
Upside Intraday Target	838.03
Upside Intraday Target	848.77
Downside Intraday Target	824.77

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	827.30	825.35	835.50	811.50	1.197 times
21 Fri Jun 2024	830.05	834.00	845.50	826.05	1.137 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

Price has moved down 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
28 Fri Jun 2024	827.30	801.10	845.50	758.25	1.118 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 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 neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Relaxo Footwears in short term but the sell 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 LOWS in short term which reflects strong selling momentum. 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 827.97 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.