#Elliott #Wave #Analysis of #Relaxo Industries Ltd.: I hope this message finds you well. I would like to share with you a technical analysis of Relaxo Industries, shedding light on recent market movements and potential future trends. Please note that I am not a SEBI registered analyst, and it is advisable to consult with a certified financial professional for any...
Relaxo Footwears Limited manufactures and sells footwear for men, women, and kids in India and internationally. It offers casual, running, athleisure, walking, formal, sports, school, and training and gym shoes. The company also provides slippers, sandals, flip flops, slides, chappals, casuals, belles, and clogs. In addition, it offers footwear accessories. The...
THIS IS USLESS DONT READ THIS Technical analysis is a method used in finance and trading to evaluate and forecast the future price movements of financial assets, such as stocks, currencies, commodities, or cryptocurrencies. It relies on the analysis of historical price charts and trading volumes to make predictions about future price movements. Here's a brief...
sept 10 swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis. when nifty turns bullish take trade
Relaxo Cmp- 950 Stop- 869 T1- 1500 T2- Open, Review at T1 Expected Holding Period- 9-12 Months View- Swing/Investment
NSE: RELAXO is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
Relaxo is nearing the bottom region. Soon to be reversed?
Relaxo footwears view for 22nd Feb Wednesday 803 above it may move upside Charts for Educational purposes only Please follow strict risk reward and stop loss if you follow my level Thanks, V Trade Point
As you see a beautiful setup of market structure is under making a bullish DIVERGENCE in weekly chart . When price if close above 921 then on retest its good swing move seen in this script keep on watchlist. See how price works
Relaxo is one of the beaten down candidate from it's sector with on manufacturing unit and a strong customer base, as the demand rebound and the story of India's growth continue to hold and significant upside is open, on the fundamental note the top and bottom line continue to grow at moderate growth rate and there is growth that has to unfold in the coming year...
Good Fundamentals + Technicals, The stock is down due to market crash.
Relaxo has given a strong breakout from the rising wedge channel on daily charts with strong volume. Keep it on your radar!
Good trend line support Near 100 day moving average Macd also give confirmation
NSE:RELAXO Relaxo Footwears has been into a tight consolidation zone since the past few weeks, with quarterly results Last Quater due to weak results the stock had shipped down 10%, however, it came back to it original price gradually, the current consolidation happening in the stock is forming an ascending triangle pattern (which is considered as a bullish...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Relaxo Footwear was facing strong resistance around 1332-1345 from past almost 2 months & get rejected around these levels multiple times. Today, Relaxo managed to break past these levels & trading above it comfortably although with not that good volumes. Could be bought with mentioned stop-loss & targets.
Relaxo Footwear broke resistance & now trading below that but with good volumes it looks like it ll break again n trade above it. Could b bought with said sloss & tgts most probably intraday.