Is RELAXO FOOTWEARS in uptrend or downtrend?

In the short term price movements in RELAXO share indicates the market is Sideways. However, bulls are trying to take control.

What is RELAXO FOOTWEARS share price forecast for tomorrow?

In Relaxo Footwears Limited stock current resistance level is at 306 and support level is at 282. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

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 306 and 310. Hence, good chances of resistance around 310. 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 282 and 280. Hence, good chances for support around 280.

Why is RELAXO FOOTWEARS share price falling today?

Perhaps RELAXO stock is just having volatility. It can be viewed as an opportunity, unless the overall long-term trend and the mid-term trend are bearish. Kindly check out the overall trend analysis.

RELAXO FOOTWEARS Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data