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26 Okt 2020 pukul 05.02

Relaxo Footwear - Long Positional Trade Panjang

RELAXO FOOTWEARSNSE

Huraian

1. Relaxo footwear forming a consolidation through a triangular pattern.
2. Stock has been in uptrend since it has been listed with only minor pullbacks
3. Fundamentals of the company look good. With promotion of "make in India" and "Vocal for Local" the local brands look promising. ROCE of the company is around 25x.
4. Key Levels-
Entry @ 660
Stop Loss @ 575 (Can keep GTT if broker permits)
Target Zone - 850 to 1000
Holding Horizon - 6 Months to 15 Months.

Dagangan aktif

Stop Loss updated to 685
Komen
ajishkumar
this is a good stock
Lebih