MIRKS LONG TRADE
- *Previous Uptrend and Correction:* MIRKS was in an uptrend until June 2023, followed by a corrective downward channel, completing three pushes down in a bearish wave.
- *Accumulation and Breakout:* Over the last year, institutions have been gradually accumulating the stock, leading to a huge breakout after a mini accumulation phase in a yellow channel (January 2025 to May 2025). The stock has made significant gains since then.
- *Current Setup:* After a brief pullback, we expect the stock to resume its upward trajectory soon.
🚨 TECHNICAL BUY CALL – MIRKS🚨
- Buy levels:
- Buy 1: 32.5
- Buy 2: 30.5
- Buy 3: 28.5
- Targets:
- TP1: 38.95
- TP2: 41.99
- TP3: 46.9
- TP4: 52.85
- Stop Loss: Below 25.3
- Risk Reward Ratio: 3
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
- *Previous Uptrend and Correction:* MIRKS was in an uptrend until June 2023, followed by a corrective downward channel, completing three pushes down in a bearish wave.
- *Accumulation and Breakout:* Over the last year, institutions have been gradually accumulating the stock, leading to a huge breakout after a mini accumulation phase in a yellow channel (January 2025 to May 2025). The stock has made significant gains since then.
- *Current Setup:* After a brief pullback, we expect the stock to resume its upward trajectory soon.
🚨 TECHNICAL BUY CALL – MIRKS🚨
- Buy levels:
- Buy 1: 32.5
- Buy 2: 30.5
- Buy 3: 28.5
- Targets:
- TP1: 38.95
- TP2: 41.99
- TP3: 46.9
- TP4: 52.85
- Stop Loss: Below 25.3
- Risk Reward Ratio: 3
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.