Is RELAXO FOOTWEARS in uptrend or downtrend?

In the short term price movements in RELAXO share indicates the market has a decisive bullish trend.

What is RELAXO FOOTWEARS share price forecast for tomorrow?

In Relaxo Footwears Limited stock current resistance level is at 282 and support level is at 244. Though market is closer to support level there are good chances till these ranges are broken, market would stay Bullish.

What are RELAXO FOOTWEARS support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Relaxo Footwears Limited in the short-term, the supply zone around 282 and 280. Hence, good chances of resistance around 280. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Relaxo Footwears Limited share is around 244 and 240. Hence, good chances for support around 240.

Why is RELAXO FOOTWEARS share price falling today?

Perhaps RELAXO stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

RELAXO FOOTWEARS Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data