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Relaxo Technical analysis - Long term Daily chartRelaxo corrected about 40% from ATH and consolidating since Nov' 2021. The stock is trading at support trend line drawn from July 2017 and the stock price never broke the support line from last 5 year. The stock bounced back 10% from the 54 week low and will be testing the support line at 760-800 levels in the coming months. With the stop loss of 20% one can take a directional trade for the long term of 3-4 years for 50% returns. Buy levels - 780-840 Sell - First Target - 950 Second target - 1070-1120 Target - 1360 Stop loss/Average - 600-640
NSE:RELAXO
by tradeGambler
Multi Year Trend Support - RELAXOThe 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 company like Relaxo and the smart thing to do is to accumulate it at low prices and hold. This is not an investment advice. Only for research purpose.
NSE:RELAXOLong
by Aayush_Rungta
Relaxo footwear continues Bull rally?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 ******** ->> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
NSE:RELAXOLong
by Ravitejasreevatsav
RELAXO : Positional Buy Trade SetupNSE: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 encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:RELAXOLong
by vimal.kr.pathak