Best Stock in Leather Industry Demystified

If you are one of those who believe in diversifying than today we are going to let you know the best stock in leather sector which you can buy with a medium to long term perspective to get good returns as time always act in the favour of the investors and our delivery stock tips clients are basking in glory with short term stock tips which have yielded handsome returns beating Nifty hands down.

So, as we analyse the aforesaid data we find that Bata India and Relaxo are the best stocks in the sector and stocks like Mirza international and Khadim India are a strict No-No. Thus keep away from these stocks and stick to the leader. Donot try to find a value buy just by looking at lower P/E in stocks which are strict No-No.

Bata India Stock Chart Analysis for Buy or Sell Recommendation

Bata India Limited is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buying interest among investors is increasing. The stock has met the objective at 1641 after a break of rectangle formation. The price has now fallen, but the formation indicates a further rise. The stock has support at Rs 1460 and resistance at Rs 1800. Volume has previously been low at price tops and high at price bottoms. This weakens the rising trend and could be an early signal for a coming trend break. RSI diverges negatively against the price, which indicates danger for a reaction down. The stock is overall assessed as technically positive for the medium long term.

Relaxo Stock Chart Analysis for Buy or Sell Recommendation

Relaxo Footwears Limited has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately Rs 465 and this can be a stop loss for long term traders. Short term traders can hold with a stop loss as Rs 550.

Lot of effort and analysis goes in finding the stocks which are going to perform over a period of time which is given as investment stock tips and a daily research team tracks market to get the best intraday stock tip which gets quality returns for a client in a small window to say just two hours in the day. Are you ready to be a part of an elite group? Check the said links and be a part of the winning tribe.

As a disclaimer, our clients are long in aforesaid stocks and we have recommended them to hold these stocks with a different time perspective which you can know as a paid client with us.