Buy Relaxo Footwears Ltd For Target Rs. 925

5/02/2021 1:48:07 PM | Source: HDFC Securities Ltd

Buy Relaxo Footwears Ltd For Target Rs. 925 - HDFC Securities

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TECHNICAL OBSERVATIONS

* Stock price has broken out on the daily chart with higher volumes.

* Oscillators like MFI & RSI is showing strength in the current uptrend of the stock

* Short term trend of the stock has turned positive where stock price closed above its 5 and 20 day SMA.

* Primary trend of stock is positive where stock is trading above its 200 day SMA

Buy Relaxo Footwears Ltd @ Up to 10 Days CMP 859.4 TGT 925 SL 837

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Buy Relaxo Footwears Ltd For Target Rs. 925 - HDFC Securities

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