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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 2024-04-09 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 175205

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	826.05	834.85	839.30	825.00	0.233 times
08 Mon Apr 2024	834.85	835.25	845.90	831.10	0.305 times
05 Fri Apr 2024	840.45	842.50	845.95	835.05	0.277 times
04 Thu Apr 2024	842.50	842.55	846.00	833.05	0.252 times
03 Wed Apr 2024	838.40	844.00	844.00	833.00	0.403 times
02 Tue Apr 2024	835.10	822.70	844.45	813.00	0.652 times
01 Mon Apr 2024	822.65	824.95	831.25	813.00	0.967 times
28 Thu Mar 2024	817.30	785.10	832.45	782.00	3.379 times
27 Wed Mar 2024	776.10	813.15	819.45	762.45	2.702 times
26 Tue Mar 2024	815.55	827.30	833.40	814.25	0.725 times

My analysis of stock is bearish for shortterm, and stock might move down till 807.7 or till 781.6. Use a stoploss of 829.4 and if the stock hits stoploss, then it can shoot up till 851.11

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	818.73
Downside Intraday Target	811.42
Upside Intraday Target	839.63
Upside Intraday Target	853.22
Upside Intraday Target	832.32

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	826.05	835.25	845.90	825.00	0.211 times
05 Fri Apr 2024	840.45	824.95	846.00	813.00	0.375 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

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
09 Tue Apr 2024	826.05	824.95	846.00	813.00	0.187 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 neutral. A longer time frame might give a better analysis.

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 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 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 SELL. 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.

Relaxo Footwears Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 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 810.51 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 negative.

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