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RELAXO

LONG - RELAXO FootwearsRELAXO has been following a bullish ascending parallel channel as observed in daily and weekly timeframe and close to breakout levels from this channel pattern as it scales it all time high. Indicators confirming/strengthening our bullish conviction for RELAXO: The Stochastic RSI gave a leading crossover indcation at levels of 1340 which was confirmed by the long bullish candle with an high of 1408. This confirmation candle broke out of of horizontal parallel channel in which the stock was consolidating for around 18 trading days and also gave a clear MACD crossover. Action: Either investors can wait for retest of 1380 levels for buying opportunity or else if the stock breaks open out of ascending channel pattern then buy at levels above 1450. Fundamentally STRONG stock can be hold for long term.
NSE:RELAXO
by ajinkyad1802
Target 1 (37%) achieved in Relaxo Footwears. Target 2 is ON...This is follow-up on Relaxo Footwears. Can check link to related ideas. Target 1 achieved. More than 37%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RELAXOLong
by MandeepSinghKohli
2
The only FOUR stages of a stock's lifeSTAGE 1 (ACCUMULATION): In this stage the stock consolidates in a narrow price range which usually lasts for months but in some cases years and then breaks on the higher side. STAGE 2 (ADVACVING): In this stage the stock price moves in a higher high and higher low structure. STAGE 3 (DISTRIBUTION): In this stage the stock price consolidates in a narrow range and then the price breaks on the lower side. STAGE 4 (DECLINING): In this stage the stock price moves in a lower high and lower low price pattern. The only way to make big money is to identify these stages and buy the breakout at the right time. I have also attached a diagram to show show the four stages. Please do have a look. FOLLOW me for more such content ahead.Do hit the like button if you found my content useful. Till then, HAPPY TRADING :)
NSE:RELAXOEducation
by keshevdugar
1
BREAKOUT AND RETRACMENT IN RELAXONSE:RELAXO Relaxo has shown us an excellent example of Breakout and retracement after it. It was consolidating in a Range and recently gave a Breakout. The volumes on the day of breakout were pretty attractive and high showing us that Heavy buying was done in it. A Good Candidate For swing Trading for 1-2 weeks of holding period. Risky Traders can Enter in it on CMP. But if the stock opens inside the Green Box then we would wait for Day Closing above it. It is Risky on CMP Due to some selling pressure in major Indices. Safe trader can Avoid or Enter if Day Closing is done above 1240. Targets - 1250-1280-1300-1320 Stoploss- Day Closing below 1140 NOTE - This Idea is Only for Educational Purpose, We would not be responsible for any Profit or loss So do your own research too.
NSE:RELAXOLong
by Arshad_Khatib
Relaxo Footwear_40% Upside target in 11 monthsDate: 01 Jan 2021 Relaxo Footwear CMP: 821 It is forming Ascending Triangle Pattern. If the price breaks out above the resistance of 830 and sustains strongly with good volumes over the next 5-10 days then upside target price will be 1,160 for which the target date will be 30 Nov 2021. The stock is already trading well above all its Daily EMAs. The stock trades with RoCE @23.4%, RoE @19% and EPS of 9.11. The CAGR of last 5 year's. EPS is 12.7% which is a good growth rate for EPS. Operating Profit Margin has improved from 14% to 18% in the last 5 yrs. On QoQ basis the OPM has been increasing sequentially 14% (Sep 2018), 17% (Sep 2019) to 22% in Sep 2020. This gives rise to expectation that the OPM will keep rising in the coming years with higher sales volume and better operating efficiencies. Target Price: 1160 Target Date 30 Nov 2021 Stop Loss: 750
NSE:RELAXOLong
by Mayur_Undale