MUKKA — BULLISH. Breakout setup

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MUKKA — BULLISH. Breakout setupMukka Proteins LimitedNSE:MUKKAvinaygupta478CMP: ₹30.57 Long-term trendline: ✅ Broken Recent structure: Higher low around ₹20–22 followed by a strong breakout candle RSI: Strongly improving; the second chart shows RSI ~68, which confirms momentum but is approaching overbought territory. Breakout quality: Good, because the move is accompanied by a decisive green candle. Important levels Level View ₹28–29 Immediate support / breakout-retest zone ₹25–26 Stronger support ₹22–23 Major structural support ₹32–33 Immediate resistance ₹36–38 First major target ₹42–44 Next target ₹48–52 Larger swing target ₹56.5 Previous major high Long / Short / Neutral 🟢 LONG: 7.5/10 🟡 NEUTRAL: 2/10 🔴 SHORT: 0.5/10 My preferred strategy: Don't chase a large move at ₹30.57 if you're looking for a fresh entry. A retest of ₹28–29 that holds would offer a better risk/reward. If it sustains above ₹32–33, the breakout can accelerate toward ₹36–38 → ₹42–44. Bearish invalidation: A decisive move back below ₹25–26 would weaken the breakout; below ₹22 the bullish setup becomes questionable. Bottom line Mukka has moved from a long-term bearish structure to a potential bullish reversal. The most important development is the trendline breakout + higher-low formation + rising RSI. Technical rating: 8.3/10. ⚠️ The RSI near 68 means momentum is strong, but chasing at current levels carries higher pullback risk.