Relaxo Relaxing for longStock in a downtrend for a long time. It should find support around these levels.
Disclaimer: View for Educational purpose only. No Trading or Investment advice.
RELAXO
RELAXONote:
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RELAXORELAXO:- Wait for breakout, Upside movement can be seen, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Trendline breakout and Trend Reversal in RELAXORELAXO - Expected Value Buying in coming weeks. Consolidation near Resistance and breakout of falling trendline expected. Its good stock to accumulate at this price. Good to add above 866 for short term.
Relaxo Technical analysis - Long term Daily chartRelaxo corrected about 40% from ATH and consolidating since Nov' 2021. The stock is trading at support trend line drawn from July 2017 and the stock price never broke the support line from last 5 year.
The stock bounced back 10% from the 54 week low and will be testing the support line at 760-800 levels in the coming months. With the stop loss of 20% one can take a directional trade for the long term of 3-4 years for 50% returns.
Buy levels - 780-840
Sell - First Target - 950
Second target - 1070-1120
Target - 1360
Stop loss/Average - 600-640
RELAXO - Readying for a rallyRelaxo - Readying for a rally. Should decisively cross 950 decisively in next few sessions
RELAXO - Stock to buyRecommendation:
Short Term Buy: 1108
Short Term Target: 1185
Short Term Stop Loss: Below 1048
Long Term Buy Range: 1048-1108
Long Term Target: 1448-1775
Long Term Stop Loss: 985
RELAXO formed a descending triangleRELAXO is ready for up move after breaking 140days consolidation. Also you can see that it formed a descending triangle which will break soon.
RELAXO formed a descending triangleRelaxo is ready for up move after breaking out it’s 140 days of consolidation. Also you can see it formed a descending triangle it will break sooner
RELAXO TREND REVERSALRELAXO breaking 200EMA with huge volume
moving towards uptrend
nxt target should be 1170
sl can be 1020
learning purpose only
RELAXO; SWING TRADERELAXO; huge accumulation going on ; safe trade fundamentally strong; hold it for years ; it can easily give 40 percent return; ab kya chiye ; safe trade; bata & mirza already given the run up;its time for relaxo
Relaxo Long (02 Aug)Relaxo Long (02 Aug)
RSI- 64
crossed 50 day EMA, Above average volumes since last 8 days
Buy at CMP- 1023
SL- 988
Target- 1085, 1120
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Charts and views are only for educational purpose.
RELAXO - can rally above 990 if buying happens decisively Relaxo - consolidation for long time. Good result with strong buying above 990 can rally further.
Relaxo inverted HNS pattern formationRelaxo is forming kind of inversted HNS in daily timeframe and breakout is still due.
Note that there is no volume as of yet so it's a wait and watch.
Once it breaks out it can show a potential upside upto 1100 levels.
Relaxo - can rally above 1010. Relaxo - looking strong for a rally. Can rally above 1010. It should be bought another couple of sessions
Multi Year Trend Support - RELAXOThe chart speaks for itself.
S1 seems like a good buying range upon a strong bounce.
If S1 breaks, S2 seems like the next best support as per Fib and Price Action as well.
RSI has reached 30 in weekly chart showing some MOS.
The PE ratio has been high due to fall in EPS this year. However, such setbacks are temporary in nature for a fundamentally strong company like Relaxo and the smart thing to do is to accumulate it at low prices and hold.
This is not an investment advice. Only for research purpose.
METROBRANDS - Looking good for a rally METROBRANDS - Looking good for an upmove. But 550 is crucial. If buying in couple of sessions happen, it can rally
Relaxo: Ready to relaxOn the daily chart, RSI of 9 days crossed below RSI of 21 days and no sign to move up. Expecting a price correction to 1200 levels from here (CMP1318) which is around 10%.
If selling pressure increase it may go up to send level of support at 1140 which have less chances.
Therefore buying range would be around 1200 levels if RSI indicates for positive side. I will update this when it will happen.
Target 1 Achieved🤩💸🔥💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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STOCK ANALYSIS FOR THREE DAYS RELAXO FOOTWEARGood evening friends we are expressing our opinion on RELAXO FOOTWEAR SEE VIDEO for details lelvel to watch is 1290
REGARDS,
RELAX after BUYING RELAXOSelf explanatory chart
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HAPPY NEW YEAR AND HAPPY TRADING :)
