Relaxo_Price_ChartRelaxo Bullish set up with good Risk to reward,......................................................
RELAXO trade ideas
RELAX after BUYING RELAXOSelf explanatory chart
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RelaxoDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
relaxo bullish harmonic setupafter trendline retest it has bounced back and target for long side is 1510. Buy in delivery and wait for target
Breakout!!A parallel channel breakout with gap up and decent volumes...Buy Above 1448
TARGET=1515
RS=ABOVE 0 (POSITIVE)
Suptrend=Positive
Relaxo: LongZero debt
Rising profit
Zero Outsourcing
Largest market cap
Long term investment looks good for next 5-10 years. A minimum target is 5000+
Try doing sip
LONG - RELAXO FootwearsRELAXO 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 long bullish candle with an high of 1408.
This confirmation candle broke out of of horizontal parallel channel in which the stock was consolidating for around 18 trading days and also gave a clear MACD crossover.
Action:
Either investors can wait for retest of 1380 levels for buying opportunity or else if the stock breaks open out of ascending channel pattern then buy at levels above 1450.
Fundamentally STRONG stock can be hold for long term.
RELAXO - FLAG POLE BREAKOUTSubsequent to significant upward move stock got consolidated in flag pattern & finally broken the pattern yesterday.
Volume also seems good.
Refer chart for levels
RELAXO FOOTWEAR : NICE BREAKOUTNice breakout in relaxo expecting Upmove, you can add in your portfolio as this is also good buy for long term you can start buying in chunks
TGT - 1550 & ABOVE (As in Blue sky zone, hold it for long term)
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
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Breakout in Relaxo Footwears...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 1 (37%) achieved in Relaxo Footwears. Target 2 is ON...This is follow-up on Relaxo Footwears. Can check link to related ideas.
Target 1 achieved. More than 37%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
RELAXO FOOTWEARS BREAKOUT RELAXO broke resistance of ~1254 after consolidating for ~100 days.
RS above 0.1 looks very bullish.
We have very good support in range of 1070-1080.
Vol Delivery ialso very good.
#TrendIsYourFriend
Relaxo ....more upwards !!The stock is moving up and is expected to reach the targets shown on chart. The pullback, if takes place will bring the price back to support zone, bur overall trend is up!!
A best pick for momentum tradingEven if the stock has emerged from the consolidation phase and broken the 52week high, Still a partial profit booking has occurred last week itself there trade can be executed when the macd crossover for more conformation on the momentum
Relaxo looks bullishCan buy at CMP for short term gains.
Study: Fibonacci Retracement 78.6% level Support.
Fundamentals are also good.
keep eye on relaxojust relax no view...
.only observe its upmove above resistance (ath)
rest the levels
decide on ur own.
BOX BREAKOUTRelaxo broke out after a 3.5-month consolidation and is ready for fresh upmoves
Keep buying the dips for long-term wealth creation.
Disclaimer: Consult your financial advisor before making any Investment decision.
