RELAXO trade ideas
RELAXO NEAR BREAKOUTRELAXO is making this simple breakout pattern u can hold ur eyes on it
so that u can take a trade whnever u see an brkout
Relaxo downtrend short term setupRelaxo still continue on downtrend if not sustain on today close or start falling down near 608 supply zone targets would be 590/580/575/578
Relaxo foot wear stock in triangle formationLet's wait for the BO or BD of the triangle pattern. So either side we can take the trade in relaxo footwear. Yesterday same pattern given for just dial & we have got the nice results through BD level.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
RELAXO FOOTWARE BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Long @ 651.5Price is at very important weekly level.
Previous week's candle was a strong bullish.
Fundamentally strong and stable.
RELAXO FOOTFollow for latest updates
CMP- 656.20
Buy above 660 with the stop loss of 645
Targets- 665, 670, 675
Head and Shoulders PatternsThe most common entry point is when a breakout occurs
short T1- 617 T2- 585
Relaxo near demand zone If sustain on demand zone will go high, target marked by green line otherwise reach to the down side marked targets.
Best pattern and candlestick formation Kindly notice how the candlesticks are following Fibonacci Pattern and also forming Head & Shoulder pattern
Keep Learning #Like&follow
RELAXOPossible Trades in RELAXO......
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Buy / Sell levels mentioned in chart.....
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Comment your views.... Up or Down....
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Wait for the price...
...... Check out my prev post of RELAXO-
Thank you,
Vishwajeet Sharma
RELAXO - LONGRELAXO breaking out of tight consolidation in the daily chart. Good for a long position? Check this out.
Relaxo footwear can give you good returnsAccording to fib retracement
If price sustains > 663 then the target of 702.5 is expected
if the price goes below 663 short with the target of 604.4
