Scrip is near the breakout range followed by double reversal. Anticipitaing it to reach Resistance (target) after crossing 52-week high and breakout
Volume of buying has also been on the rise..
Will trade after bullish confirmation around price range = 210-215 so as to ensure it doesn't retrace back towards crucial support levels forming triple bottom
Key Observations :
The above mentioned stocks (Bata India, Relaxo Footwears & Liberty shoes) from a Leather products category seems to have set for next leg of upward rally as all are on the verge of breakout from its short term corrective phase.
After a formation of positive candlestick pattern of last week, the stock price seems to have started sharp surge ...