|Mirza International |Momentum in stock| Analysis|

6254
Since breakout (May'22), the stock given a return of 100% and retrenched to fib level. On analysis the chart the on shorter time frame, solid strength visible for long term investment and expected target will be Rs 580.

The stock was consolidating in range of Rs 219 – 260 from past 3 months, clear resistance breaks visible in chart.

snapshot

Golden Crossover, the moving average crossover of 50 & 200 showing confirmation of a long-term trend and volume confirm the strength in breakout.

snapshot

Thanks
-AJ

Disclaimer: The chart analysed for educational purpose only.



Note
snapshot
Note
snapshot
Note
stock given a 80% return from support level in past 7 trading session.
Trade fermée: cible de profit atteinte
Note
demerged company "Red Tape" listed today with 80% premium.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.