RELAXO trade ideas
go long - swing pick- this stock shows signficant delivery percentage value
- possible chances for accumulation
- may perform good in upcoming days
- this stock is picked after market close based on delivery qty data.
- follow this stock for next 5 days , if entry not triggered with in 5 days , ignore pick
- line marked in chart is the day it showed huge delivery percentage.it means , i consider it as signal candle.i marked its high and low
entry
- go long with 1:1.5 RR
- take entry if 15min close crosses the line , ignore entry if it made gap ups
- i prefer entry with in 5 days , if not triggered ignore this pick
sl
- candle close below signal candle's low
target
- keep 1.5 times of sl.
RELAXOHi guys,
In this chart i Found a Demand Zone in RELAXO CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Relaxo Industries | Elliott Wave Counts #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 investment decisions.
Analysis of Relaxo Industries:
Relaxo Industries reached its all-time high (ATH) at Rs. 1440.45 in November 2021, completing its minor degree wave 1. Subsequently, the price has been retracing for its wave 2 correction, finding support near the 50% retracement zone. This retracement appears to be a valid move for wave 2, and current counts suggest that wave 2 has completed.
Furthermore, the analysis indicates that we have concluded wave (i) of minute degree and are presently in wave 2 of minute degree within the minor degree wave 3. This suggests a potential continuation of the bullish trend.
It is essential to monitor the price action closely, as this analysis will be invalidated if the price drops below the Rs. 750 level. Caution and diligence are always paramount in the dynamic landscape of the stock market.
Please remember that this analysis is based on technical indicators and patterns, and there are inherent risks associated with trading and investing. The future performance of Relaxo Industries may vary, and it's crucial to stay informed and seek advice from qualified financial professionals.
NSE:Relaxo 👟👠👢 can it walk or run..
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 company provides its products under the Relaxo, Bahamas, Flite, Sparx, BOSTON, and Mary Jane brands. It sells its products through 394 exclusive brand outlets; and e-commerce portals. Relaxo Footwears Limited was founded in 1976 and is based in New Delhi, India.
check this out to understand market structure 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 overview of technical analysis:
1. Price Patterns: Technical analysts study various price patterns that occur over time, such as head and shoulders, flags, pennants, and triangles. These patterns can provide insights into potential future price movements.
2. Moving Averages: Moving averages are commonly used in technical analysis to smooth out price data and identify trends. Two types of moving averages, simple and exponential, are often employed to assess the direction and strength of a trend.
3. Support and Resistance Levels: Analysts identify levels at which an asset's price tends to find support (stops declining) or resistance (stops rising). These levels are significant because they can help traders make decisions about buying or selling.
4. Indicators and Oscillators: Technical analysts use various indicators and oscillators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), to measure momentum, overbought or oversold conditions, and other aspects of market sentiment.
5. Volume Analysis: Trading volume, or the number of shares or contracts traded, is considered a critical component of technical analysis. It can provide insights into the strength or weakness of a price movement.
6. Trend Analysis: Identifying and following trends is a fundamental aspect of technical analysis. Analysts use trendlines, channels, and other tools to assess the direction and duration of a trend.
7. Chart Patterns: Technical analysts look for chart patterns like head and shoulders, double tops,
RELAXO - Bullish ConsolidationNSE: 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 deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BUY RELAXO 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 the stock is beaten down around 40% from it's high and there is and opportunity to go long on the stock to benefit as there is classic bullish inside candle form on weekly basis and one can go long around the level ofthe upside of inside candle with a stop of .25ATR + low of the same candle.
Happy Investing
Relaxo Footwears (Pre - Results Analysis) | Good Move PossibleNSE: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 pattern) however with results on the go that will be announced on 26th July'22 (Tuesday) I am slightly positive about the results of this quarter
So here is my Trade plan, Though I am bullish I will wait for the confirmation by price action, when the candle closes above the level of 1017, and gives a re-test/retracement on the level of 1017. I will plan to take a long position with a target price of 1111-1115
Also last quarter showed us that the costs pressures for the company had deeply hurt the profitability of the company, let's see how did company plan and take action on the last quarter's issues.
Hoping for a positive Quater
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Disclaimer - The idea shared is just for educational purposes with no intention to promote the company, before investing kindly do your own research and also consult your financial advisor, I am not a SEBI registered individual.
#Tradeplan #candlestick #candlestickpatter #priceaction #learn #Earn #analysis #Relaxo #Grow #harshnisar45 #stockmarket #chart #chartpatterns #swingideas #Learn&earn #Wealth #editorschoice #trending #weathmagnet
NSE:RELAXO