Mirza international is into footwear business and their flagship brand is redtape which is quite popular in e-commerce websites. They are posting good results consistently and also have reduced their debt. Most of the peers like Bata India are trading it higher valuations and hence this stock has potential to go up further. Stock can be bought now with a target...
Scrip can show uptrend trend towards resistance from lower ascending trendline (support)
Trade can be started post confirmation (entry range) as mentioned in chart aiming towards resistances and breakout from ascending channel
Other factor supporting the reversal :
1) %william showing uptrend from oversold situation
2) Bullish (green) harami formation can be...
Mirza International Limited is engaged in the business of manufacturing leather and leather footwear, and dealing in apparels. The Company operates through two segments: Tannery Division and Shoe Division. The Tannery Division is engaged in the manufacturing of finished leather from Raw Hides, Wet Blue and Crust. The Company's Shoe Division is engaged in manufacturing finished leather shoes. Its export products include tanned leather, white label footwear and branded footwear. Its brands include Red Tape and Oaktrak. Red Tape includes footwear; apparels, including shirts, jackets, denims, tees, pants/shorts, and accessories, such as belts, socks and wallets. Oaktrak includes both formal and urban styles serving mobile executives and businessmen. The Company exports its products to Germany, the United Kingdom, the United States and France, among others. In the United Kingdom, Red Tape branded products are sold through chain stores and multi-brand outlets.
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MIRZAINT
