POSITIONAL TRADE MINDA CORPORATION -BUY @ 136.50 AND SELL@133.50

Nov 3, 2018MINDACORP

The stock has certainly come in positive zone as it has started trading above the 30-DMA which is the positive sign for the stock. I am suggesting to take the benefit upfront of the rally which the stock is going to be observe in the coming sessions.

Firstly I am having a strong gut feeling that the scrip will run even on upcoming trade day if it crosses the levels of 136.50, so GO LONG when the stock breaks the levels of 136.50 and keep the trade upto the target of 145.00.

But you what, feelings and predictions hardly work in market so if the stock start downward movement, GO SHORT when the stock breaks the levels of 133.50 and keep the trade upto the target of 126.00

ACTION TO BE TAKEN:
BUY @ 136.50- TARGET: 145.00
SELL @ 133.50- TARGET: 126.00

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Nov 5, 2018

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