Relaxo Footwears Limited stock code Relaxo has broken through the floor of a rising trend channel in the medium to long term. This indicates a slower rising rate at first, or the start of more horizontal development. There is no resistance in the price chart and further rise is indicated.
Long term traders can hold the stock with a stop loss of Rs 465. Short term traders can be long in the stock by keeping a stop loss at 582 levels as the break of that level means that we can see some downward reaction. We have already covered Relaxo as a stock to be added in your portfolio while trying to find the best stock in the leather industry on 08 Dec 2019 and thereafter Relaxo has given a breakout. As a disclosure; Our investment stock tips clients are long in the stock and our online day trading tips clients have also used it for intraday on quite a few occasions.
Long term traders can hold the stock with a stop loss of Rs 465. Short term traders can be long in the stock by keeping a stop loss at 582 levels as the break of that level means that we can see some downward reaction. We have already covered Relaxo as a stock to be added in your portfolio while trying to find the best stock in the leather industry on 08 Dec 2019 and thereafter Relaxo has given a breakout. As a disclosure; Our investment stock tips clients are long in the stock and our online day trading tips clients have also used it for intraday on quite a few occasions.
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