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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 2024-09-11 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 96810

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	835.95	837.40	840.00	829.15	0.88 times
10 Tue Sep 2024	831.05	823.30	844.75	822.95	1.432 times
09 Mon Sep 2024	823.30	825.00	828.85	811.05	0.626 times
06 Fri Sep 2024	825.00	825.00	833.55	818.25	1.053 times
05 Thu Sep 2024	822.85	822.00	827.90	815.60	0.612 times
04 Wed Sep 2024	817.25	821.00	828.00	810.00	0.782 times
03 Tue Sep 2024	821.85	809.80	825.50	809.80	1.078 times
02 Mon Sep 2024	805.75	797.00	825.00	797.00	2.122 times
30 Fri Aug 2024	796.85	805.90	806.90	795.00	0.826 times
29 Thu Aug 2024	802.85	804.00	809.50	798.05	0.645 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 841.5, for a target of 824 or 809.4

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	758.25
Downside Target	824.20
Downside Target	827.00
Downside Target	833.55
Upside Target	844.75
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	816.42
Downside Intraday Target	796.88
Upside Intraday Target	850.12
Upside Intraday Target	864.28
Downside Intraday Target	830.58

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	835.95	825.00	844.75	811.05	0.52 times
06 Fri Sep 2024	825.00	797.00	833.55	797.00	1.456 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

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 Wed Sep 2024	835.95	797.00	844.75	797.00	0.525 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 SELL signal in short term and selling is picking up 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 817.85 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.