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Relaxo / Positional Trading + Long term Opportunity

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Relaxo / Positional Trading + Long term Opportunity

Excellent Positional + Long term opportunity in Relaxo Share. It's a market Leader in Leather Industry. Stock is corrected nearly 38 percent from its all-time. Start buying the stock now in chunks and hold it for 6months to 1 year for a good risk reward ratio. You can gradually start accumulating this multi-Begger stock.

Y Relaxo share Fall

  1. The quarter ended September 30 saw Relaxo Footwear, a company that specializes in cheap slippers, sandals, and sports and casual shoes, suffer its poorest performance in the previous 10 quarters due to rising raw material costs, price reductions, and a general lack of demand.
  2. Usually whenever raw material prices hike companies pass it to consumer by simply increasing the product price but here Relaxo Management trying to capture the market cap by not taking enough price hikes. This way they can easily kill the small unorganized retailers.

Technically Speaking stock can still go down till 826 level (which is 50-day Monthly EMA) but can also bounce back from any level now Bec its fundamental is very strong. So, the best way to start buying now and hold it forever.

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