Viewers Query - #MindaCorp @ 57 | Thursday | 28-May-20 | Daily

May 28, 2020

#MindaCorp @ 57 | Thursday | 28-May-20 | Daily

- A double bottom formation
- But on longer term it has not sustained it's uptrend
- So, let this first cross 62 levels then will review

#NSE #Nifty #Nifty50 #Sensex #NiftyBank #NiftyAuto

Jun 5, 2020

Trade active

- So the level of 62 crossed and signalling a BUY......hoping that closing will also be above 62 today.
- Huge volumes

Jun 8, 2020

Trade closed: target reached

Trade closed at 64.
The formation of the candle during the late afternoon on an hourly chart was not supportive of the thesis. Though a double bottom was also made.... but let see if an opportunity comes at a lower level then will re-consider.

The earlier stipulated SL was at 61. But since trailing SL was about to hit so closed it prematurely due to selling came in Nifty too.