Stock to Watch For Thursday-CapitalHeight Relaxo Footware Ltd.

The Relaxo Footwear stock may be bought in the AROUND of Rs 740-750 for a target of Rs 770-800, and a stop loss below Rs 700.

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Technical Analysis 

On the daily chart, Relaxo Footwear Ltd. is on the verge of a breakout from an Ascending Triangle pattern. A sustained trade above Rs 740 will trigger a breakout which can extend the uptrend. Further, on the weekly chart, it continues to form higher highs and higher lows affirming strong bullishness dominant in the stock.The Relaxo Footwear stock may be bought in the AROUND of Rs 740-750 for a target of Rs 770-800, and a stop loss below Rs 700.

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