Relaxo - Breakout from ConsolidationNSE:RELAXO
Relaxo - Breakout from Consolidation
T1 1500
SL - 1100
RELAXO trade ideas
The only FOUR stages of a stock's lifeSTAGE 1 (ACCUMULATION):
In this stage the stock consolidates in a narrow price range which usually lasts for months but in some cases years and then breaks on the higher side.
STAGE 2 (ADVACVING):
In this stage the stock price moves in a higher high and higher low structure.
STAGE 3 (DISTRIBUTION):
In this stage the stock price consolidates in a narrow range and then the price breaks on the lower side.
STAGE 4 (DECLINING):
In this stage the stock price moves in a lower high and lower low price pattern.
The only way to make big money is to identify these stages and buy the breakout at the right time.
I have also attached a diagram to show show the four stages. Please do have a look.
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Relaxo - On supportOn daily chart i see Relaxo is resting on the support line...
Can be on the watchlist!
Relaxo at support levelRelaxo at support level buy at ciurrent level for positional by prajapati9951
Relaxo23.9.2021
1171
Taking support and started moving up..
Fundamentally also good stock..
Keep on Radar..
BREAKOUT AND RETRACMENT IN RELAXONSE:RELAXO
Relaxo has shown us an excellent example of Breakout and retracement after it.
It was consolidating in a Range and recently gave a Breakout.
The volumes on the day of breakout were pretty attractive and high showing us that Heavy buying was done in it.
A Good Candidate For swing Trading for 1-2 weeks of holding period.
Risky Traders can Enter in it on CMP. But if the stock opens inside the Green Box then we would wait for Day Closing above it.
It is Risky on CMP Due to some selling pressure in major Indices.
Safe trader can Avoid or Enter if Day Closing is done above 1240.
Targets - 1250-1280-1300-1320
Stoploss- Day Closing below 1140
NOTE - This Idea is Only for Educational Purpose, We would not be responsible for any Profit or loss
So do your own research too.
Relaxo at 50 MA supportBuy relaxo at 1170-1175.
50 MA and fibo 618 support. Looks good for short term.
RELAXO >> BreakoutRelaxo has given a trendline breakout, There is also a follow though buying seen. Can be entered at CMP with a probable targets of 1290, 1275, 1315.
RELAXODarvas breakout with volumes. 4 months consolidation coming to end. Stock looking good on relative strength.
Relaxo Footwear......upmove expected The stock is doing consolidation since 1 month. Now as RSI is above 50 and is sustaining there an upmove is expected very soon. See chart for the mentioned targets
Relaxo stock Study Purpose onlyRelaxo stock at all time high and breakout levlel forming Symmetrical Triangle
Study Purpose only
RELAXO - Price and Trend Setup#RELAXO Price getting squeezed as moving along small time trendline. 1202 can be next test of stock strength to go up.
Expecting breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
Relaxo Footwear Resistance breakout and RetestRelaxo Footwear breaks above a resistance and subsequently takes support at the same.
Buy: Relaxo Footwear
CMP: 1197
Target 1: 1270
Target 2: 1300
Stop Loss: 1170
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