NSE:RELAXO
THIS IS AN INVESTMENT PICK
This is fundamentally good company
Consolidation of many days a great breakout is there and a proper pullback we can see.
The targets for short term 1100 and for long term it can become multibagger.
This is an for educational purpose
Recommendation:
Short Term Buy: 1108
Short Term Target: 1185
Short Term Stop Loss: Below 1048
Long Term Buy Range: 1048-1108
Long Term Target: 1448-1775
Long Term Stop Loss: 985
The chart speaks for itself.
S1 seems like a good buying range upon a strong bounce.
If S1 breaks, S2 seems like the next best support as per Fib and Price Action as well.
RSI has reached 30 in weekly chart showing some MOS.
The PE ratio has been high due to fall in EPS this year. However, such setbacks are temporary in nature for a fundamentally strong...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Will Relaxo footwear continues bull rally ? After considering below aspects we can come to a conclusion.
1.Stock in Uptrend
2.Bullsih Flag Breakout
3.Resistance Breakout with good volume
4. MACD Cross over About to Happen
5.RSI Above 60
->> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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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.
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This would give us ...
