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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 2024-04-04 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 184407

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	842.50	842.55	846.00	833.05	0.24 times
03 Wed Apr 2024	838.40	844.00	844.00	833.00	0.383 times
02 Tue Apr 2024	835.10	822.70	844.45	813.00	0.619 times
01 Mon Apr 2024	822.65	824.95	831.25	813.00	0.919 times
28 Thu Mar 2024	817.30	785.10	832.45	782.00	3.21 times
27 Wed Mar 2024	776.10	813.15	819.45	762.45	2.568 times
26 Tue Mar 2024	815.55	827.30	833.40	814.25	0.688 times
22 Fri Mar 2024	830.80	832.00	837.45	828.50	0.321 times
21 Thu Mar 2024	831.20	836.05	837.35	826.00	0.364 times
20 Wed Mar 2024	834.05	848.00	856.00	830.00	0.415 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 851.2 as stoploss in an intra day sell trade for a target of 829.54. However, stock will show a bullish move above 851.2.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	762.45
Downside Target	799.05
Upside Target	846.00
Upside Target	882.00
Upside Target	887.90
Upside Target	890.60
Upside Target	911.50
Upside Target	927.95
Upside Target	949.00

Intraday share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Intraday Target	821.67
Downside Intraday Target	800.83
Upside Intraday Target	854.67
Upside Intraday Target	866.83
Downside Intraday Target	833.83

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	842.50	824.95	846.00	813.00	0.334 times
28 Thu Mar 2024	817.30	827.30	833.40	762.45	1.984 times
22 Fri Mar 2024	830.80	869.95	887.90	826.00	0.757 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

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
04 Thu Apr 2024	842.50	824.95	846.00	813.00	0.138 times
28 Thu Mar 2024	817.30	839.85	949.00	762.45	1.32 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

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 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.

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 positive zone. This is a BUY zone

Stock of Relaxo Footwears is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 811.07 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 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 positive

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