Relaxo Footwear breaks above a resistance and subsequently takes support at the same.
Buy: Relaxo Footwear
CMP: 1197
Target 1: 1270
Target 2: 1300
Stop Loss: 1170
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Date: 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...
RELAXO making a w pattern . trading in a range of 100 points from past 3 months.
can buy this as swing and intraday both
buy above 920 or safe buy above 928
Relaxo has just entered the cloud. Whichever side it steps out, it will continue. COntinue watching and enter long position when it steps out and gives a closing outside the cloud.
Target no idea as of now. But we can consider 10% to 12% in a period of 1 month.
Keep it on your watchlist and take position if it steps outside the cloud towards the top...
Closing...
Price - 884.55 Dt. - 12-01-2021
It looks like uptrend in Relaxo Footwear is over and the stock given close just 4 points above the support line. RSI is in the overbought zone so we are expecting more profit booking as stock already is in downtrend from last 5 sessions. We are expecting the stock to come till the support zone which is placed at ₹828.55. 21DEMA is...
