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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 2024-04-18 View latest technical analysis

10 day averaged volume of Relaxo Footwears is 59584

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	819.85	819.00	825.00	817.55	0.734 times
16 Tue Apr 2024	820.20	817.00	834.05	810.00	0.917 times
15 Mon Apr 2024	823.10	820.10	831.65	815.90	0.777 times
12 Fri Apr 2024	830.20	830.00	834.85	825.30	1.209 times
10 Wed Apr 2024	830.70	828.15	838.95	827.70	0.856 times
09 Tue Apr 2024	826.05	834.85	839.30	825.00	0.685 times
08 Mon Apr 2024	834.85	835.25	845.90	831.10	0.895 times
05 Fri Apr 2024	840.45	842.50	845.95	835.05	0.815 times
04 Thu Apr 2024	842.50	842.55	846.00	833.05	0.742 times
03 Wed Apr 2024	838.40	844.00	844.00	833.00	1.186 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 813 as stoploss in an intra day buy trade for a target of 828.51. However, stock will show a bearish move below 813.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	762.45
Downside Target	810.00
Upside Target	845.90
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	808.55
Downside Intraday Target	797.25
Upside Intraday Target	832.6
Upside Intraday Target	845.35
Upside Intraday Target	821.3

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	819.85	820.10	834.05	810.00	0.666 times
12 Fri Apr 2024	830.20	835.25	845.90	825.00	0.486 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

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
18 Thu Apr 2024	819.85	824.95	846.00	810.00	0.28 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 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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Relaxo Footwears in short term and the sell signal is strong.

Relaxo Footwears Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 830.96 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.