Buy Relaxo Footwear about to breakoutRelaxo footwear is about to break out from a very clean trendline! A breakout from this trendline can give promising returns.. Pls, buy at your own discretion.
Trading Genius
RELAXO trade ideas
Relaxo footwear continues Bull rally?Will Relaxo footwear continues bull rally ? After considering below aspects we can come to a conclusion.
1.Stock in Uptrend
2.Bullsih Flag Breakout
3.Resistance Breakout with good volume
4. MACD Cross over About to Happen
5.RSI Above 60
->> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
->> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
Relaxo Footwear_40% Upside target in 11 monthsDate: 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 with RoCE @23.4%, RoE @19% and EPS of 9.11. The CAGR of last 5 year's. EPS is 12.7% which is a good growth rate for EPS.
Operating Profit Margin has improved from 14% to 18% in the last 5 yrs. On QoQ basis the OPM has been increasing sequentially 14% (Sep 2018), 17% (Sep 2019) to 22% in Sep 2020. This gives rise to expectation that the OPM will keep rising in the coming years with higher sales volume and better operating efficiencies.
Target Price: 1160
Target Date 30 Nov 2021
Stop Loss: 750
RELAXOFOOTWEAR* MASTER CANDLE BREAKOUT
* ALMOST ONE MONTH TRADED INSIDE MC
*NOW BREAKOUT
* FRESH ALL TIME HIGH
* VOLUME INCREASING
New Support to break trend ?Relaxo has shown strong RSI levels but a minor bear flag might be forming, it remains to see what happens
Buy RelaxoBuy Relaxo at cmp Stoploss 876 Target 980
Study: Symmetrical Triangle Breakout and Retest Structure
check out stock for education only. not advice to trad.inverse head and shoulder pattern whit break out nearby.
RELAXO EARNING AT 7 MAY PAST EXPERIANCE SHOWS LONG MOVEMENT RELAXO EARNING AT 7 MAY PAST EXPERIANCE SHOWS LONG MOVEMENT AFTER RESULT I THINK VOLUME INCREASING AND ADX ALSO SHOWS HUGE MOVEMENT CHANCE TO EARN PROFIT
RELAXO PERFECT RETEST RELAXO TRADE..
CHART IS SELF EXPLANATORY.. TOOK FOR VERY SHORT TERM TRADING PURPOSE
Bullish Breakout for RELAXO After consolidating for around 3 months within a price range of 100 points, relaxo has finally broken out of its range with a strong bullish candle. There is a bullish breakout and trend looks positive from here. Can buy for swing trading.
