IDTrader_IN

Relaxo Break Out and Retest

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NSE:RELAXO   RELAXO FOOTWEARS
Relaxo Footwears have broken out of the Channel/Triangle pattern and has retested the breakout area. Entered long with strict stop loss. If going further below, better to exit without a second thought.

Possible target just below a recent resistance area.
评论:
Relaxo seems to have held the support. A good green candle formed.
评论:
The trendline with the higher slope has been broken downwards today. Let's see if Relaxo can take support on the upper line of the channel.
评论:
Relaxo not giving a clear clue about the next move. Even while the market is highly bullish, Relaxo is very sluggish. Holding the support line. There's still hope for a positive move.
评论:
Held the support really well. Jumped up with a good bullish candle.
交易结束:到达目标:
Hit the target right after market opening

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