Long relaxo above the marked area. All important levels has been marked on the charts. Keep the stock in your watch list. This is for your educational purpose only.
RELAXO - Expected Value Buying in coming weeks. Consolidation near Resistance and breakout of falling trendline expected. Its good stock to accumulate at this price. Good to add above 866 for short term.
Relaxo looks good might take long in Relaxo ... stoploss : 798 trgt first 880 , 915 and 960 its only for education purpose
Relaxo 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...
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...
RELAXO has been following a bullish ascending parallel channel as observed in daily and weekly timeframe and close to breakout levels from this channel pattern as it scales it all time high. Indicators confirming/strengthening our bullish conviction for RELAXO: The Stochastic RSI gave a leading crossover indcation at levels of 1340 which was confirmed by the...
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...
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