MIRZAINT trade ideas
Mirza International Bull Move Breakout soon!NSE:MIRZAINT has a medium term Target of Rs100.
Watch for levels to accumulate on dips after it crosses Rs62.
Its a Key resistance (Rs62), so watch for correction so as to enter.
Stop Loss Rs42.60
Mirzaint turns in to up trendInverted head and shoulders pattern is a trend reversal pattern. It's turned into uptrend.
Mirza International - LongExplanation in Chart. ST (30%) and LT (70%) Targets are shown with 10% SL. Very good Risk Reward ratio. Fundamentally good company.
Mirza International - LongExplanation in Chart. Long term target 50%+. Fundamentally strong company. Brands Red tape & MODE.
Mirza International - Potential breakoutBroken out of previous major resistance level.. Hope this acts as new support.
Mirza international can appreciate furtherMirza international is into footwear business and their flagship brand is redtape which is quite popular in e-commerce websites. They are posting good results consistently and also have reduced their debt. Most of the peers like Bata India are trading it higher valuations and hence this stock has potential to go up further. Stock can be bought now with a target above 220 and stop loss of 145.
Mirza Int - Head and Shoulders - Ready to flyHead and shoulders.
More than 1000cr Market Cap, "EPS" has continuously growing since 5 quarters. Available in low PE than last 4 quarters. Min 8% to go till next quarter results target of 97.14.
Currently at excellent strong support has more than 8 support points on same price though "EPS" increased.
Check also On Balance Volume demand growing.
Mirza - Bullish ascending channelScrip can show uptrend trend towards resistance from lower ascending trendline (support)
Trade can be started post confirmation (entry range) as mentioned in chart aiming towards resistances and breakout from ascending channel
Other factor supporting the reversal :
1) %william showing uptrend from oversold situation
2) Bullish (green) harami formation can be seen which signifies Open (O) higher than previous close (C) and body entirely within previous body
As per previous observations, The scrip has shown quick bullish surge so if similar trend follows, Call would be 6-10 days however, be careful to book profit on timely basis before reversal could be seen after quick surge if bearish engulf starts to take place
Support = As shown in chart
(Note- Q1FY18 YoY result coming on Aug 5, 2017 which would confirm the further trend - www.equitybulls.com)
Mirza Int - "radar" it.Mirza Intl - Expected price movements are shared on chart. Keep it in your radar
Mirza International - Investment Stock!Mirza International looks good for short term investment. Found rounding bottom break out in day chart. In 4 hrs chart the pattern looks more clear. We can buy above 160. I expect this stock to gain another 30 to 50 points in four to six months. Always consult your financial manager before investing.
MIRZA : GETTING READY FOR NEXT MOVE ?Mirza after breaking out of 140 levels is now ready to move higher:
- Successfully tested the breakout level of 140 and bouncing back with good volumes
- Consolidating with a rounding pattern & readying for a breakout.
Can go long for targets in excess of 175 after the breakout.
wait for break trend and close above the trend line then buy wait for break trend and close above the trend line then buy
Mirzaaaa.... Go Long .. Tgt 108, 120, 132 and new life time highWeekly triangle breakout with volume.. Confirm after this weekly close...
Buy with target 108, 120, 132 and new life time high.
