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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 2024-03-20 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 136319

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	834.05	848.00	856.00	830.00	0.561 times
19 Tue Mar 2024	846.45	853.75	855.25	834.15	0.693 times
18 Mon Mar 2024	854.75	869.95	887.90	850.00	2.227 times
15 Fri Mar 2024	887.90	803.00	949.00	803.00	3.742 times
14 Thu Mar 2024	803.20	802.70	811.90	799.05	0.433 times
13 Wed Mar 2024	806.00	815.00	821.35	799.10	0.839 times
12 Tue Mar 2024	817.85	826.00	831.05	811.60	0.489 times
11 Mon Mar 2024	826.85	838.40	839.75	826.00	0.318 times
07 Thu Mar 2024	838.40	831.50	843.50	830.05	0.587 times
06 Wed Mar 2024	831.50	836.55	838.30	825.10	0.402 times

My analysis of stock is bearish for shortterm, and stock might move down till 818.7 or till 798.4. Use a stoploss of 835.54 and if the stock hits stoploss, then it can shoot up till 852.42

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	799.05
Downside Target	825.10
Upside Target	882.00
Upside Target	885.00
Upside Target	887.90
Upside Target	890.60
Upside Target	911.50
Upside Target	927.95
Upside Target	949.00
Upside Target	959.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	813.4
Downside Intraday Target	792.75
Upside Intraday Target	871.3
Upside Intraday Target	908.55
Upside Intraday Target	850.65

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	834.05	869.95	887.90	830.00	0.598 times
15 Fri Mar 2024	887.90	838.40	949.00	799.05	3.21 times
07 Thu Mar 2024	838.40	832.40	843.50	825.10	0.792 times
02 Sat Mar 2024	831.95	837.60	845.40	826.10	0.641 times
23 Fri Feb 2024	840.50	841.50	853.60	831.75	0.696 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
20 Wed Mar 2024	834.05	839.85	949.00	799.05	0.718 times
29 Thu Feb 2024	835.70	854.00	882.00	827.25	1.194 times
31 Wed Jan 2024	860.10	903.50	911.50	842.35	1.12 times
29 Fri Dec 2023	903.50	910.05	927.95	890.60	0.874 times

Scroll below to view daily charts

Price has moved down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Strong and stock is losing momentum.

MACD generated a BUY signal for Relaxo Footwears in short term but the buy signal is initial and weak.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Relaxo Footwears in short term but SELL signal is weak.

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 854.52 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.