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Stock analysis Relaxo Footwears Limited RELAXO

More indepth analysis on MunafaSutra.com

Moving Averages for Relaxo Footwears Limited

  • 5Day Average: 831.77
  • 12Day Average: 819.82
  • 20Day Average: 817.19
  • 50Day Average: 825.06
  • 100Day Average: 832.24
  • 150Day Average: 855.04
  • 200Day Average: 868.88

RELAXO Indicators & signals

Indicator MACD (12,26,9)

824.9, 822.87, -1.13
Indicator MACD is in positive zone

Indicator ADX (14)

3.34, 20.72, 19.38
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RELAXO Relaxo Footwears Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Wed Jun 2024 829.05 826.85 to 835.15 -0.31% 0.79 times
18 Tue Jun 2024 831.65 826.05 to 836.85 -0.29% 1.14 times
14 Fri Jun 2024 834.10 830.00 to 839.75 -0.04% 0.67 times
13 Thu Jun 2024 834.45 828.00 to 837.45 0.58% 0.87 times
12 Wed Jun 2024 829.60 826.00 to 835.95 -0.27% 0.79 times
11 Tue Jun 2024 831.85 829.20 to 837.50 -0.25% 0.77 times
10 Mon Jun 2024 833.90 823.10 to 839.00 1.66% 1.07 times
07 Fri Jun 2024 820.25 815.60 to 828.00 0.65% 0.96 times
06 Thu Jun 2024 814.95 806.00 to 819.00 0.99% 1.02 times
05 Wed Jun 2024 806.95 781.70 to 812.00 3.23% 1.1 times
04 Tue Jun 2024 781.70 758.25 to 795.35 -0.98% 1.62 times
03 Mon Jun 2024 789.40 786.05 to 815.00 0.02% 0.84 times

Technical analysis forecast of Relaxo Footwears Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Relaxo Footwears Limited RELAXO at this time. Stock is rising and might rise more.

It appears as if Relaxo Footwears Limited RELAXO gave a large move recently.

Stock of Relaxo Footwears Limited (RELAXO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Relaxo Footwears Limited is bullish for shortterm, and stock might move up till 839.3 or till 858.9. Use a stoploss of 822.94 and if this stock hits its stoploss, then it can fall down till 806.59

More indepth analysis on MunafaSutra.com