Buy RelaxoBuy Relaxo Stoploss 855 Target 890 ..Can take entry near retest area of 890 and 875
Triangle Breakout
RELAXO trade ideas
RELAXO BULL FLAG BREAKOUTRELAXO Footwear is a strong fundamental and growing company which has given bullish flag breakout. Start accumulating for long term investors.
Relaxo - Long after steps out of the cloudRelaxo has just entered the cloud. Whichever side it steps out, it will continue. COntinue watching and enter long position when it steps out and gives a closing outside the cloud.
Target no idea as of now. But we can consider 10% to 12% in a period of 1 month.
Keep it on your watchlist and take position if it steps outside the cloud towards the top...
Closing outside the cloud is important
12. Relaxo - Super Bullish StockHello All,
1. Relaxo Footwear has given a weekly breakout above All time High Levels of 830.
2. After given Breakout stock has also retested the same levels and made Hammer on weekly Timeframe .
3. We can buy this stock now with a SL of 800 and ride the upmove.
4. Do proper position sizing before buying. Allocate only 10% of your capital.
Thanks
Trade after breakout on either sidesBuy if broke out above rectangle
At - 842
Tp 1 - 849
Tp 2 - 857
Tp 3 - 887
Sl - 822
Sell if broke out below rectangle
At - 832
Tp 1 - 822
Tp 2 - 801
Sl - 842
long position (buy)great brand and good fundamental and good for long and short term
support @815
short term target 925,970,1000 !!!
Relaxo Footwears - Swing or go for LongAccumalation is over I think...Fundamently Strong....hold it till your target hits.. Entry now or wait or a dip to 850
Relaxo near breakout zones.Stock has negotiated the supply at 750/760 levels and broken out with volumes.
There can be some resistance/consolidation near ATH
Post which targets of 1050/1150 will open up.
BUY above 830 in case on breakout or near 750/760 zone in case of consolidation.
Stoploss => 715
DAILY SWING CALL // Monday 21st of December 2020 // NSE: RELAXODAILY SWING CALL // Monday 21st of December 2020 // NSE: NSE:RELAXO
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 786.75
TARGET: 905+ (15% Around)
STOP LOSS: 708 (10% Around)
DURATION: In 15-20 Trading Sessions Target should be achieved
FOR STANDARD NOTES / DISC: Please refer my earlier posts on Tradingview.com
Stock Analysis of Relaxo FootwearPrice - 884.55 Dt. - 12-01-2021
It looks like uptrend in Relaxo Footwear is over and the stock given close just 4 points above the support line. RSI is in the overbought zone so we are expecting more profit booking as stock already is in downtrend from last 5 sessions. We are expecting the stock to come till the support zone which is placed at ₹828.55. 21DEMA is at right below the buying zone.
The stock had given an ascending triangle breakout last month and since then it was moving up in continuous pace.
Relaxo is sustained above his resistance.On 1 hr chart relaxo braked his resistance with good volume. And now sustained above his resistance which is around 802-803. His major hardle is 830. So, I am bullish on this counte r. And with trading purpose my stoploss is 790 and target is 825. And if price will sustained above 830 which is major hardle, So, we can see 900 levels soon.
Buy Relaxo Footwears ( Pure Long Term Investment)Its a Weekly analysis So needs to give time to move this stock ..It can't move in a rapid way.
Buy Relaxo Footwears ( Pure Long Term Investment)
Buy on dip candidate till 700 and Safest Entry is above 760 on Closing Basis..
Stoploss is Below 610 which is previous Swing Low ..
Target is 1025 .
Study: It is a Symmetrical Triangle Breakout and stock is consolidating after in between 700 to 750 Zone from 4 weeks...
Note: All Levels are on Closing Basis.
Buy RelaxoBuy Relaxo above 811 stoploss of 780 and Target is 835 and 855..
Study: Ascending triangle Breakout with Big Volume at 803 and stock now consolidating at 805 to 810 range ...after breaking these range stock can move up further...
Note: All levels are on closing Basis.
Relaxo has given breakout and in new zoneRelaxo footwear has given a breakout from previous resistances and is moving in new zone.
Keep stop loss of 825, and hold for long term, however short term targets can be 1000 which is around 11% from current levels.
**ideas are my own** invest as per your risk taking ability**
relaxo foot wear positional shortcurrently relaxo foot wear is under double top pattern on a daily time frame and In a 15 min time frame it is under rising wedge with rsi divergence . targets are given in the chart.
