Relaxo Monthly Chart Descending Triangle froming & Bullish Marubozu Pattern any time 1target 956 , 2target 1218 & 3target 1450....
I have changed some of plan to this stock. I guess it will perform this time well.
daily time frame has positive RSI divergens, Weekly CPR is tight sign of breakout triangle formed on monthly, weekly, daily tiem frame stock at the consoludation at the trendline this time is good for 1:9 RR
Relaxo Cmp- 950 Stop- 869 T1- 1500 T2- Open, Review at T1 Expected Holding Period- 9-12 Months View- Swing/Investment
Relaxo is nearing the bottom region. Soon to be reversed?
Relaxo footwear big move expected above 899....915-935
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 :
Short Term Cash Buy RELAXO @658.00-662 SL 638 TGT 704 TK cross over +MACD crossover + ichimoku cloud break out + above VWAP
Relaxo Daily . Pull Back Trade ( Retraced 0.618) Buy Above :- 675 SL :- 645 (1), 625 (2) Target :- 745 , 825 , 885