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
Wedge Pattern Breakout in Daily with good volume. Breakout and holding on the levels.
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
Buy above 1010 and keep an SL at low of hourly breakout candle which triggers your entry, and after that if it closes above 1018 then carry forward the trade by keeping SL @ 968 on closing basis.
RELAXO is ready for up move after breaking 140days consolidation. Also you can see that it formed a descending triangle which will break soon.
Relaxo 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
Multiyear Trendline act as a Support and act as a reversal of Trend .
long trend line breakout ,bearish flag breakout from upside with huge buying volumes...
RELAXO breaking 200EMA with huge volume moving towards uptrend nxt target should be 1170 sl can be 1020 learning purpose only
BUY 1040-1045 SL 1010 TARGET 1110 -DKM SIR I can see the move from here buy and hold as per your risk
I 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; 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) RSI- 64 crossed 50 day EMA, Above average volumes since last 8 days Buy at CMP- 1023 SL- 988 Target- 1085, 1120 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Relaxo 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
According to candlestick chart or price movements good time to entry Today price Breakout Bollinger upper band without high volume indicates buying interest
Relaxo - consolidation for long time. Good result with strong buying above 990 can rally further.
Relaxo 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 - looking strong for a rally. Can rally above 1010. It should be bought another couple of sessions