RELAXO
Relaxo footwear share can be taken for long entry .Please check the daily chart of Relaxo footwear, the stock has given the clear breakout of 680 but close below the level. Nevertheless stock in bullish mode can be taken above 680 for next level of 715. once the stock cross the level of 720 than the target price is 765 in upcoming session. So add the stock in your watch list for next trading session.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free ask .kindly follow for more educational ideas.
Relaxo - LongTake your first tranche of position (30%) and once it closes above Span B, take your final tranche of position (100%). R:R with first tranche is 1:1 but as we move to the final tranche of position R:R would improve and from there start trailing SL with 8% gap. As we achieve targets, exit 30%, 30% and 40% respectively.