#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
RELAXO trade ideas
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 VOLUMES
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 VWAP
RELAXO , BUY Above 675 .Relaxo Daily .
Pull Back Trade ( Retraced 0.618)
Buy Above :- 675
SL :- 645 (1), 625 (2)
Target :- 745 , 825 , 885
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.
Short Relaxo : Bearish Engulfing Short @760-765
Stoploss @786
Target 1 @724
Target 2 @700
For educational purpose only.
Relaxo Footware is a buy at 655-660 LevelRelaxo Footware is a buy at 655-660
CMP: 710
SL: 635
Target: 810
Stock personality is 100ema. Keep an eye for 660Market leader in the footwear segment. Keep an eye around 660. Add for long term.
RELAXO FOOT WEAR CMP.570 - LONG RESISTANCE 629 SUPPORT 480RELAXO FOOT WEAR CMP.570 - LONG RESISTANCE 629 SUPPORT 480
Relaxo Footwears - Elliott Wave count - Completing five waves upSeems Relaxo is completing five waves up. Wave 5 retraced from 0.618 of distance traveled from wave 1 to wave 3.
Relaxo footwear- good times ahead for the price action support to the bearish divergence
point and figure chart link
drive.google.com
Disclaimer... not invested, interested, just began to research the business after noting this reaccumualtion
Not an investing/trading recommendation
