Bullish on Relaxo(Daily) - Bull flag pattern breakout - Above Short & Medium term moving averages Target 1335 Longby GS_Sundar0
Breakout Relaxo has been one of the market leaders in footwear..OPM has been increasing steadily... breakout from channel with large volumes, always a good sign. CMP -1035 Target - 1111 ( short term) Calculate you RR ( risk reward) ratio properly before taking the trade. Best entry would have been 996 or thereabouts... i have marked the target levels considering S&R. CheersLongby PanchalkUpdated 0
Relaxo footwear trend line breakout Relaxo footwear big move expected above 899....915-935Longby machoman4lyf112
RELAXO- Triangle Pattern Breakout & Retesting - Swing/InvestmentThe analysis is done purely on basis of price action and chart patterns. The analysis is done on Daily TF with a long term view. Hence price may take several weeks to months to reach the target. Trade Set-up as well as logic has been given in image itself. Kindly refer the below chart of NIFTY CONSUMPTION chart - RELAXO is a part of NIFTY CONSUMPTION INDEX. The above analysis is for learning purpose and traders should do their own study before entering into any trade. Trade with your own money & risk management. Feel Free to comment for any query regarding learning price action or for any suggestion. Longby AdityaKarn90Updated 2
RELAXO up or down RELAXO both side moves are possible let the market side what it have to do ? what do you think guys which move you think is possible and have more probability ? let me know your opinions : by KingsForum0
Relaxo Break Out and RetestRelaxo Footwears have broken out of the Channel/Triangle pattern and has retested the breakout area. Entered long with strict stop loss. If going further below, better to exit without a second thought. Possible target just below a recent resistance area. Longby IDTrader_INUpdated 0
DONT MISS IT!SYMMETRICAL TRI ANGLE BREAK OUT ON WEEKLY CHART.BUY AT CMP.STOP LOSS EXIT IF CLOSES BELOW 625.TARGET 1000.HAPPY TRADING FRIENDS!HAPPY DIWALI!Longby shararath763
#RELAXO #FOOTWEARS #BANKNIFTY #NIFTY #NSE #TRADING #COVID19 #BSE#RELAXO #FOOTWEARS CMP: 595.20 TARGET 1: 663 TARGET 2: 630 SL: 576 TIME: 3M #CANDLESTICKS #PRICE #ACTION #TRADING Longby Rachit_SethiaUpdated 5
RELAXO BREAKOUT OF TRENDLINE @650 (ON 28-08-2020)RELAXO BREAKOUT OF TRENDLINE @650 (ON 28-08-2020) ALSO BREAKOUT OF 200 MA (ON 28-08-2020) WITH GOOD VOLUMESLongby oye_shaurya0
R-0197 Short Term Cash Buy RELAXO @658.00-662 SL 638 TGT 704Short Term Cash Buy RELAXO @658.00-662 SL 638 TGT 704 TK cross over +MACD crossover + ichimoku cloud break out + above VWAPLongby brainmassfinance0
RELAXO , BUY Above 675 .Relaxo Daily . Pull Back Trade ( Retraced 0.618) Buy Above :- 675 SL :- 645 (1), 625 (2) Target :- 745 , 825 , 885 Longby veenshUpdated 3
Perfect Shorting OpportunityHey Guys, Please Support - Hit Like. A Bearish candlestick pattern called Three Black Crows has been found in Daily chart pattern of Relaxo Footwears. Everyone is aware of Corona Virus Pandemic, and it's effect. Company has publish very poor numbers in last quarter. (Target as below) In last trading session price breach 50 EMA but eventually closes just above. the price has taken support of 50 EMA. Volume - is constantly increasing since last three session (clearly on selling side). RSI - is taking a nosedive. Bollinger Band - Price closed below median shows another bearish signal. On weekly chart it shows Bearish Engulfing pattern, also price closes below median & 20 EMA. RSI is giving weak signal. Three Black Crows pattern it self a confirmation of Trend reversal but if you are very safe trader than price closing below 50 EMA would be an ideal situation. according to my analysis price should fall below 600 levels. 630, 605, 580, 560, 549 are the best levels to buy. it would be a great buying opportunity below 600. Please feel free to leave suggestions or questions if you have any. I will try my best. Thank you so much for Supporting. Shortby AarhusUpdated 225