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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 2024-09-05 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 85427

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	822.85	822.00	827.90	815.60	0.693 times
04 Wed Sep 2024	817.25	821.00	828.00	810.00	0.886 times
03 Tue Sep 2024	821.85	809.80	825.50	809.80	1.221 times
02 Mon Sep 2024	805.75	797.00	825.00	797.00	2.405 times
30 Fri Aug 2024	796.85	805.90	806.90	795.00	0.936 times
29 Thu Aug 2024	802.85	804.00	809.50	798.05	0.731 times
28 Wed Aug 2024	801.05	805.00	806.95	798.25	0.935 times
27 Tue Aug 2024	801.40	800.90	806.65	797.40	0.639 times
26 Mon Aug 2024	800.90	814.55	817.90	794.60	1.152 times
23 Fri Aug 2024	810.45	818.50	827.00	809.00	0.544 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 820, but if it comes below 820, then a intra day sell could be more profitable.
If you take a sell trade below 820, then use 820 as stoploss and 806.88 as target. However if you take a buy trade in stock , then use 820 as stoploss and 835.8 as target.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	758.25
Upside Target	824.20
Upside Target	827.00
Upside Target	828.00
Upside Target	843.00
Upside Target	845.50
Upside Target	860.00
Upside Target	869.00
Upside Target	888.20

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	803.9
Downside Intraday Target	784.95
Upside Intraday Target	834.9
Upside Intraday Target	846.95
Downside Intraday Target	815.95

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	822.85	797.00	828.00	797.00	1.185 times
30 Fri Aug 2024	796.85	814.55	817.90	794.60	1.547 times
23 Fri Aug 2024	810.45	781.80	827.00	778.50	0.759 times
16 Fri Aug 2024	778.00	822.20	824.20	770.95	0.881 times
09 Fri Aug 2024	822.20	834.00	843.00	812.00	0.298 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 Thu Sep 2024	822.85	797.00	828.00	797.00	0.281 times
30 Fri Aug 2024	796.85	848.95	860.00	770.95	0.5 times
31 Wed Jul 2024	868.70	832.60	888.20	812.00	2.194 times
28 Fri Jun 2024	827.30	801.10	845.50	758.25	1.118 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 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 807.83 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.