MIRKS LONG TRADE 11-06-2025MIRKS 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.
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