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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.

10 day averaged volume of Relaxo Footwears is 49685

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	840.45	823.70	845.45	823.15	2.303 times
24 Wed Apr 2024	823.70	826.30	833.40	820.00	1.076 times
23 Tue Apr 2024	821.80	824.75	826.95	815.90	0.706 times
22 Mon Apr 2024	812.45	814.15	822.00	810.00	1.282 times
19 Fri Apr 2024	814.15	819.00	822.00	810.10	0.726 times
18 Thu Apr 2024	819.85	819.00	825.00	817.55	0.88 times
16 Tue Apr 2024	820.20	817.00	834.05	810.00	1.1 times
15 Mon Apr 2024	823.10	820.10	831.65	815.90	0.931 times
12 Fri Apr 2024	830.20	830.00	834.85	825.30	1.45 times
10 Wed Apr 2024	830.70	828.15	838.95	827.70	1.027 times

Stock of Relaxo Footwears (RELAXO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 838.6, but if it comes below 838.6, then a intra day sell could be more profitable.
If you take a sell trade below 838.6, then use 838.6 as stoploss and 824.28 as target. However if you take a buy trade in stock , then use 838.6 as stoploss and 855.8 as target.

Share price targets for Relaxo Footwears (RELAXO)

Target Type	Value
Downside Target	762.45
Downside Target	810.00
Upside Target	845.45
Upside Target	845.90
Upside Target	846.00
Upside Target	882.00
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	818.48
Downside Intraday Target	796.52
Upside Intraday Target	853.93
Upside Intraday Target	867.42
Downside Intraday Target	831.97

Weekly technical analysis of Relaxo Footwears (RELAXO)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	840.45	814.15	845.45	810.00	1.476 times
19 Fri Apr 2024	814.15	820.10	834.05	810.00	0.832 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

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
25 Thu Apr 2024	840.45	824.95	846.00	810.00	0.384 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 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 BUY. Signal strength is Weak and stock is losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 825.85 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.