Relaxo Footwears technical analysis

According to the latest Pivot data, Relaxo Footwears’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹292.38, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹301.26, ₹307.67, and ₹316.55, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹285.97, ₹277.09, and ₹270.68, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Relaxo Footwears’s price movement.