On daily chart i see Relaxo is resting on the support line... Can be on the watchlist!
NSE: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...
Relaxo has given a trendline breakout, There is also a follow though buying seen. Can be entered at CMP with a probable targets of 1290, 1275, 1315.
The stock is doing consolidation since 1 month. Now as RSI is above 50 and is sustaining there an upmove is expected very soon. See chart for the mentioned targets
Long above 1186.5 if sustain then tgt 1216/1243/1300 stoploss 1139 *Educational Purpose Only
Holding levels firmly on higher Tfs, Looks strong to buy
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 Please like and Follow if you find it useful.
Relaxo looks good at CMP for swing trade with a small SL below the support area on Daily clb.
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...
* MASTER CANDLE BREAKOUT * ALMOST ONE MONTH TRADED INSIDE MC *NOW BREAKOUT * FRESH ALL TIME HIGH * VOLUME INCREASING
Relaxo has shown strong RSI levels but a minor bear flag might be forming, it remains to see what happens
Buy Relaxo at cmp Stoploss 876 Target 980 Study: Symmetrical Triangle Breakout and Retest Structure
RELAXO TRADE.. CHART IS SELF EXPLANATORY.. TOOK FOR VERY SHORT TERM TRADING PURPOSE
Buy Relaxo Near 940 Stoploss 930...Target 950-960 Best RR Trade
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
Buy Relaxo Stoploss 855 Target 890 ..Can take entry near retest area of 890 and 875 Triangle Breakout
RELAXO Footwear is a strong fundamental and growing company which has given bullish flag breakout. Start accumulating for long term investors.
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...