Relaxo Footwear CMP 786 Box Breakout Target 880, 950 SL 727 dclbs
Buy Relaxo above 811 stoploss of 780 and Target is 835 and 855.. Study: Ascending triangle Breakout with Big Volume at 803 and stock now consolidating at 805 to 810 range ...after breaking these range stock can move up further... Note: All levels are on closing Basis.
1. Relaxo footwear forming a consolidation through a triangular pattern. 2. Stock has been in uptrend since it has been listed with only minor pullbacks 3. Fundamentals of the company look good. With promotion of "make in India" and "Vocal for Local" the local brands look promising. ROCE of the company is around 25x. 4. Key Levels- Entry @ 660 Stop Loss...
RELAXO has given a breakout from the trendline and it has formed a symmetrical triangle pattern on the price chart. If it retests the trendline it can be good long move. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading.
Targets on the chart. Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
NSE:RELAXO Hi Traders, RELAXO trade setup and entry and target level on chart. ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us ...
Very aggressive entry is when it bounce back from 625. Aggressive entry is at 644 Conservative entry is when it breakouts from 675
Relaxo can provide huge gain if it crosses 675 with volume.
Relaxo has been in pennant since 19 Aug which broken in last trading session . Good to buy above 670
Stock of Relaxo share is in side ways moment since some time & now approaching towards resist.level. Also stock is forming the ATP pattern which is again the bullish sign. RSI is in middle range. Long entry can be taken after the BO of TL of Resist level above the price of 635 for the next target level of 665 with the SL of 621. So add the stock in your watch list...
Relaxo footwear trendline broke- go long
Relaxo still continue on downtrend if not sustain on today close or start falling down near 608 supply zone targets would be 590/580/575/578
Let's wait for the BO or BD of the triangle pattern. So either side we can take the trade in relaxo footwear. Yesterday same pattern given for just dial & we have got the nice results through BD level. 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...
If sustain on demand zone will go high, target marked by green line otherwise reach to the down side marked targets.
Possible Trades in RELAXO...... ....... Buy / Sell levels mentioned in chart..... ...... Comment your views.... Up or Down.... ....... Wait for the price... ...... Check out my prev post of RELAXO- Thank you, Vishwajeet Sharma
According to fib retracement If price sustains > 663 then the target of 702.5 is expected if the price goes below 663 short with the target of 604.4