MUFTI trade ideas
MUFTI | Credo Brands Marketing by KRS Charts13th Sept 2024 / 12:16 PM
Why MUFTI ❓
1. Was Correcting since listed and completed Elliot Correction wave count 5 wave Structure.
2. More Important is after 5th wave it Made Higher Lows and Higher Highs.
3. MUFTI is currently sustaining above 100 EMA which also good sign to stay Bullish.
4. Giving Little early entry before Breakout of Cup & Handle Neckline but it worth if limited positions will create here. 🙏
Approx. Target will be Around 300 Rs but once Breakout exact target will be revealed 👍
MUFTI LONGElliott Wave analysis shows that the stock has completed waves (i), (ii), (iii), (iv) and (v) downside since its initial public offering. Currently, the stock is undergoing correction wave (a), (b), and (c) in a daily time frame.
Wave (a) and (b) in blue colour are finished and the stock is currently in wave (c).
Wave (c) will unfold in five sub-waves shown in red colour on the chart.
Wave levels are shown on the chart.
An inverted Head and Shoulder Pattern is formed on the chart. (The Inverted Head and Shoulder Pattern is a bullish reversal pattern).
Level of Invalidation
The starting point of Wave (a) has been identified as the invalidation level at 145.20. Because as per wave rules Wave (b) cannot retrace more than 100% of Wave (a). If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
MUFTI (credo crands) Huge breakout!!! Hello👋
Textile stocks are booming.
It's one of them "Mufti"
Huge volumes, price is changing direction from downtrend to uptrend.
See the trendline breakout on daily chart. Today also gap up & 15 ℅ movement.
It can positive in near term. Good potential to hold.
It's my view. Plz DYOA. No buy or sell recommendation🙏
Thank you.
Symmetrical Triangle pattern breakout in MUFTICREDO BRANDS MARKETING PVT LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 200+.
✅Can Go Long in this Stock by placing a stop loss below 165-.
