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Price and trend forecast of RELAXO for Tomorrow, Weekly, Monthly

Relaxo Footwears Limited

Symbol: NSE:RELAXO

ISIN: INE131B01039

566.20

As on 2025-01-22

555.50 (52W Low) 949.00 (52W High)

RELAXO's Today's Performance

Relaxo Footwears Limited started the day by opening at 574.60 today 2025-01-22. Its shares reached a high of 575.05 and dipped to a low of 555.50 in intraday. When the markets closed, RELAXO’s stock price settled at ₹566.20 per share. Also check out its key support and resistance levels.

RELAXO Buy/Sell Targets

Tomorrow, sell RELAXO when its price reaches ₹ 566.20 with a stop-loss order at ₹ 572.37. You can set the target price as ₹ 560.03 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of RELAXO for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for RELAXO

Downside Targets Value in ₹
Tomorrow Down Target 1 576
Tomorrow Down Target 2 585
Tomorrow Down Target 3 595

Important Levels for RELAXO

Holding Levels Value in ₹
Tomorrow Up Target 1 556
Tomorrow Up Target 2 546
Tomorrow Up Target 3 537
Based on where the stock opens tomorrow, if RELAXO opens on a positive note, our first target will be ₹576. If Target 1 is achieved, we will aim for Target 2 which is ₹585.

But if RELAXO falls below the average value of ₹565.58, you can enter a sell side position with target number 1 - ₹556 and second target - ₹546 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of RELAXO

Looking at RELAXO, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, RELAXO has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for RELAXO is moderate bearish.

Tomorrow's Volume based share price Forecast for RELAXO

RELAXO's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -31%.

Reversal detection for RELAXO

Predicted trend chart of RELAXO tomorrow for price forecast
RELAXO may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹576 in morning tomorrow
Target 1 tomorrow573
Target 2 tomorrow578
Target 3 tomorrow585
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with RELAXO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if RELAXO opens on a positive note, our first target will be ₹575.67. If Target 1 is achieved, we will aim for Target 2 which is ₹585.13.

But if RELAXO falls below the average value of ₹565.58, you can enter a sell side position with target number 1 - ₹556.12 and second target - ₹546.03

RELAXO's Weekly Targets
1st Up Target 580.40
2nd Up Target 594.60
1st Down Target 553.75
2nd Down Target 541.30

As the week for RELAXO ended on bearish sentiments, we can expect further continuation of this sentiment. RELAXO's initial target will be 580.40 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 553.75 in the upcoming week.

Weekly OHLC Values
Open 580.80
High 582.15
Low 555.50
Close 566.20

Week for RELAXO started with an open price of 580.80, and the close was at 566.20. RELAXO reached the highest of 582.15 and dipped lowest up to 555.50 last week. This indicates a bearish sentiment for the week.

RELAXO full month swing targets
Monthly Up Target 1 607.05
Monthly Up Target 2 621.25
Monthly Down Target 1 527.10
Monthly Down Target 2 488.00

Targets of ₹607.05 can be expected to be reached in the coming month. Once RELAXO achieved this target, we can aim for the next upside target of ₹621.25.

RELAXO if fails to hold upside, down targets of ₹527.10 and ₹488.00 can be achieved by end of this month.

For complete three weeks if RELAXO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as RELAXO

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MARUTI Maruti Suzuki India Limited Auto Manufacturers
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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

RELAXO is expected to reach the target of 575.67 in tomorrow's trading session.

After achieving the initial target in RELAXO, we will aim for higher targets of 585.13 tomorrow.

However, if RELAXO starts to trade below ₹565.58, then we will shift our focus to the sell side and aim for down targets of 556.12 and 546.03.