👟 Relaxo Footwears – Bottoming Signals Emerging

🔍 Key Technical Highlights Long-Term Downtrend: Multi-year decline appears to be finding a base. Support Zone: Strong historical support around ₹410–₹400 held firmly. Current Price: Hovering near ₹500; resistance at ₹528 zone. 📊 Bullish Clues RSI Divergence: Consistent positive RSI divergence on the weekly chart – indicating selling pressure is weakening. OBV Support: OBV is stabilizing and showing early accumulation signs. Break of Trendline: Sharp breakout from a long-standing falling trendline. 🔮 What to Watch Resistance Ahead: ₹528 remains a key hurdle. Potential Reversal Zone: If price sustains above ₹528, a stronger reversal can unfold. Key Support: ₹410 is a critical floor. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully.