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...
Head and shoulders.
More than 1000cr Market Cap, "EPS" has continuously growing since 5 quarters. Available in low PE than last 4 quarters. Min 8% to go till next quarter results target of 97.14.
Currently at excellent strong support has more than 8 support points on same price though "EPS" increased.
Check also On Balance Volume demand growing.
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 looks good for short term investment. Found rounding bottom break out in day chart. In 4 hrs chart the pattern looks more clear. We can buy above 160. I expect this stock to gain another 30 to 50 points in four to six months. Always consult your financial manager before investing.
Mirza after breaking out of 140 levels is now ready to move higher:
- Successfully tested the breakout level of 140 and bouncing back with good volumes
- Consolidating with a rounding pattern & readying for a breakout.
Can go long for targets in excess of 175 after the breakout.
More than 1000cr Market Cap, "EPS" has continuously growing since 5 quarters. Available in low PE than last 4 quarters. Min 8% to go till next quartor results target of 97.14.
Currently at excellent strong support has more than 8 support points on same price though "EPS" increased.
