As per my analysis stock is currently trading at very good price range that is 1270-1285 which is a strong demand zone for the stock. You may definitely buy some shares if you are a price action based trader. I personally like to take the trade at demand and supply zone trades for swings and I prefer to provide swing trades which are trading at good buying zones.
Please comment if you have any doubts about this trade.
@jhawarsatish, yes absolutely 1270-1285 is a great price to buy.... you could expect gap up opening tomorrow
prashantdkharade
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Hello Sagar Sir, could you please explain, little bit of your analysis. As why you think, the stock will go up?
Saagar_patil
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@prashantdkharade,
Pandemic is not gonna affect more because shoes is an essential thing in day to day life. In past 7 days sellers are continuously selling the stock and now they look weak and it has reached the zone where 'value buying' starts....i expect the buyer will come in this area and pump the stock upwards.
prashantdkharade
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@Saagar_patil, thank you very much sir. But, there is lot of buzz around, that there will be a big crash in market. Hence very confused, about buying?? Could you please clear this confusion!
Saagar_patil
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@prashantdkharade, See wherever the market goes you should be stock specific....you should always buy good stocks at a good price.
You should look for buying on each deep. Like if you buy today at 1280 and market crashes bata will go down sure but at the same time then you should buy this stock at the next demand zone.
Because good stock always recovers and gives you good returns in the long term.
prashantdkharade
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@Saagar_patil, Sir, thanks a lot for reminding the basics. Have a great weekend. 🙏🙏🙏
Saagar_patil
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@prashantdkharade, as a result, today you can see the stock didn't go below the marked level