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 Ltd. engages in the manufacture and export of leather and footwear products. It operates through the Tannery and Shoe segments. The Tannery segment manufactures finished leather from raw hides, wet blue, and crust. The Shoe segment manufactures finished leather shoes. The company was founded by Irshad Mirza and Rashid Mirza on September 5, 1979 and is headquartered in New Delhi, India.
MIRZAINT
