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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 2024-09-20 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 69910

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	837.55	833.85	842.00	815.80	1.533 times
19 Thu Sep 2024	827.90	817.00	838.00	811.00	1.084 times
18 Wed Sep 2024	816.75	823.00	823.00	810.00	0.584 times
17 Tue Sep 2024	823.10	830.00	832.00	820.00	0.434 times
16 Mon Sep 2024	827.75	833.10	835.75	826.05	0.491 times
13 Fri Sep 2024	835.75	840.00	843.35	833.20	0.55 times
12 Thu Sep 2024	838.70	835.95	849.00	831.80	1.33 times
11 Wed Sep 2024	835.95	837.40	840.00	829.15	1.218 times
10 Tue Sep 2024	831.05	823.30	844.75	822.95	1.983 times
09 Mon Sep 2024	823.30	825.00	828.85	811.05	0.867 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 833.1, but if it comes below 833.1, then a intra day sell could be more profitable.
If you take a sell trade below 833.1, then use 833.1 as stoploss and 819.68 as target. However if you take a buy trade in stock , then use 833.1 as stoploss and 849.1 as target.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	758.25
Downside Target	827.00
Downside Target	833.55
Upside Target	842.00
Upside Target	845.50
Upside Target	849.00
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	817.7
Downside Intraday Target	797.85
Upside Intraday Target	849.7
Upside Intraday Target	861.85
Downside Intraday Target	829.85

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	837.55	833.10	842.00	810.00	0.694 times
13 Fri Sep 2024	835.75	825.00	849.00	811.05	0.761 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

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 Fri Sep 2024	837.55	797.00	849.00	797.00	0.79 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 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 831.56 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.