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 ₹411.95, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹416.9, ₹425.55, and ₹430.5, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹403.3, ₹398.35, and ₹389.7, 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.