Minda Industries Looking Good Here. Long

Description

⋅ Jun 11, 2018 4:25 AM

-Broke out of a small inverted H & S pattern and held the retest.
-Consolidating nicely in a bigger inverted H & S pattern.
-Nice volume action.
-Long term ascending triangle.
-MACD Bullish cross.

Not an investment advice. Do your own due diligence.

Comments

shiv0110

⋅ Jun 11, 2018 4:57 AM

looks good, i see a cup and handle too the only hurdle is a bearish divergence in RSI.
will keep an eye and buy if it sustains over 1335.

Market_beat3r

⋅ Jun 11, 2018 5:09 AM

@shiv0110, Yes the divergence is not ideal, but all the other factors make it a good play with nice risk-reward ratio.

shiv0110

⋅ Jun 11, 2018 5:18 AM

@Market_beat3r, yeah i have studied that trend is above all the technicals. if the trend is bullish then it can defy all the technicals.
cheers!