Is Mirza international at sweet spot for buying purposes?
The Redtape shoe-making company has given solid returns over the past year, increasing the investor's wealth by 5x but is it the right time and place to buy the stocks?
The chart clearly shows a good rally but it is falling down and if you take the help of Fibonacci retracement then you can clearly see it had taken support at .6 levels.
The best place to buy the stock would be around the 30 to 32 price level because there is strong support at 30.
Apart from this, if you look at the book value of the stock that is 32. So, it double confirms the level for buying the stock at 32 price level.
The chart clearly shows a good rally but it is falling down and if you take the help of Fibonacci retracement then you can clearly see it had taken support at .6 levels.
The best place to buy the stock would be around the 30 to 32 price level because there is strong support at 30.
Apart from this, if you look at the book value of the stock that is 32. So, it double confirms the level for buying the stock at 32 price level.
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