Relaxo at 850 has high probability for reversal. 30% ROI is expected if you hold for next 6 months. For long term investment also it looks good.
Note
Price got stopped at 880 and took reversal. If 760 low is respected in this week session there is another chance where price can re-test the down trend line. It already has a catalyst lets see whether it will get factored in.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.