RELAXO formed a descending triangleRelaxo is ready for up move after breaking out it’s 140 days of consolidation. Also you can see it formed a descending triangle it will break sooner
RELAXO trade ideas
RELAXO FOOTWEARS IN DAILY TIME FRAMElong trend line breakout ,bearish flag breakout from upside with huge buying volumes...
RELAXO TREND REVERSALRELAXO breaking 200EMA with huge volume
moving towards uptrend
nxt target should be 1170
sl can be 1020
learning purpose only
MOMENTUM PICK BUY 1040-1045 SL 1010 TARGET 1110 -DKM SIR
I can see the move from here
buy and hold as per your risk
Trading StrategyI have been noticing Relaxo Footwear for 4 months and put up an indication that the price seems to fluctuate been 923 to 1200 rs. I have come up with Hull Suite and volume oscillator. Where the trends show up bull. Seems you can make the trade keeping in mind the stop loss to 930. Whereas, Price might shoot Up to 1100.
*Take your own risk*
RELAXO; SWING TRADERELAXO; huge accumulation going on ; safe trade fundamentally strong; hold it for years ; it can easily give 40 percent return; ab kya chiye ; safe trade; bata & mirza already given the run up;its time for relaxo
Relaxo Long (02 Aug)Relaxo Long (02 Aug)
RSI- 64
crossed 50 day EMA, Above average volumes since last 8 days
Buy at CMP- 1023
SL- 988
Target- 1085, 1120
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RELAXO - Possible Break OutRelaxo has corrected almost 35% from it's peak
And currently trading in same range for last two months
It is trying to range breakout which could give it at least 10-15% upmove in short run provided market doesn't go in negative sentiment
Worth monitoring and riding if it follows the expectation
Buy opportunity According to candlestick chart or price movements good time to entry
Today price Breakout Bollinger upper band without high volume indicates buying interest
RELAXO - can rally above 990 if buying happens decisively Relaxo - consolidation for long time. Good result with strong buying above 990 can rally further.
Relaxo inverted HNS pattern formationRelaxo is forming kind of inversted HNS in daily timeframe and breakout is still due.
Note that there is no volume as of yet so it's a wait and watch.
Once it breaks out it can show a potential upside upto 1100 levels.
Relaxo - can rally above 1010. Relaxo - looking strong for a rally. Can rally above 1010. It should be bought another couple of sessions
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.
Relaxo A long Term Play Presently at sweet position - AccumulateRelaxo Footwear has been constantly falling for some time with today's Low of around 1005, The counter is seeking support at around 1010 - 1011 Levels. The Q4 results have not been so good for the counter. Both Sales and and Net profit have fallen both on QoQ AND YOY Basis. The stock may fall further to take support at 0.5% Fib. Levels i.e around 974 to 975 Levels if the negativity in the market continues. Higher input cost , Lock down combined with the geopolitical scenario, Highs Inflation and recent steps by RBI to control it may further drag the counter. The stock is good for long term and the present correction must be seen as an opportunity to take new position or accumulate the stock. The RSI is at 32.15 and MACD also shown existing weakness. Sincerely one must start adding the counter at these levels.
Happy Investing
Live Life King Size
RELAXO FOLLOW TREND LINEFrom a Long time Relaxo follow a trend line and it is a uptrend stock and now it is near to touch the trend line and may go up
For Education purpose
Relaxo at good level to start accomodating for long termRelaxo at good level to start accomodating for long term
It is on the trend line as seen in the picture
RELAXO LOOKS STRONGBUY 1320-1330 T1 1365 T2 1411 SL1285-DKM SIR
i can see the upmove from here
buy as per your risk
Relaxo: Ready to relaxOn the daily chart, RSI of 9 days crossed below RSI of 21 days and no sign to move up. Expecting a price correction to 1200 levels from here (CMP1318) which is around 10%.
If selling pressure increase it may go up to send level of support at 1140 which have less chances.
Therefore buying range would be around 1200 levels if RSI indicates for positive side. I will update this when it will happen.
possibilitiesstock near to demand zone if it form bullish pattern tomorrow on closes basic then possibilities for reversal
STOCK ANALYSIS FOR THREE DAYS RELAXO FOOTWEARGood evening friends we are expressing our opinion on RELAXO FOOTWEAR SEE VIDEO for details lelvel to watch is 1290
REGARDS,
Relaxo Footwear [Daily]Watchlist stock. Not quite ready for a BO.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
