3MINDIA Trade Update - 3M took the grab and now it's currently moving up nicely
- I think if you have entered already then it's better to keep holding 3m
- It's better to focus on riding rather than building and doing FOMO after stocks
3MINDIA
3MINDIA | Investment Pick📊 DETAILS
Sector: Diversified
Mkt Cap: 35,425 cr
3M India is a subsidiary of 3M Company, USA. The Company manages its operations in four operating segments: Safety & Industrial , Transportation & Electronics, Health Care and Consumer. In India, the Company has manufacturing facilities at Ahmedabad, Bangalore, Pune and has a R&D Center in Bangalore.(Source : 202003 Annual Report Page No:137)
TTM PE : 66.11 (Low PE)
Sector PE : 52.33
Beta : 0.22
📚 INSIGHTS
MC Insights PRO
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
5.42% away from 52 week high
Underperformer - 3M India up by 3.7% v/s NIFTY 50 up by 8.32% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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NSE 3MINDIA – ELLIOTT WAVE ANALYSISTimeframe: Daily
3M India has given a good move after 100% extension of wave A. Note wave A = B is at 21368.9 . Price entered into the corrective channel, which signals an impending bullish move. 22292 is a pivot level for 3MINDIA.
Wave C is the ending point of the correction, and traders can trade for the following targets: 22564 – 22850 – 23282 . There will be an extension of the target after the breakout of wave (B).
I will update further information soon.
3MINDIA - Breaking Support Zone3MINDIA is closing below Daily 100 SMA, 200 EMA also breaking down below Support Zone which is the sign of BEARISH Continuation. 22000 is the Next Support which is marked in Chart
3M INDIANSE:3MINDIA
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
3M India Technical viewNSE:3MINDIA
Stock is trading at level with lower than average volume from past 2 weeks.
22973 is a major weekly level following it 23260 is another major resistance as price rejection from 2 weeks on level 23260.
Bullish point of view --
1: if we go on DAILY timeframe we can see lower high`s and ascending triangle formation.
2: on WEEKLY chart price breakout on 200 MA with higher volume and following price breakout on 50 MA currently stock is taking support on 50 MA.
3: as my opinion BULLISH ABOVE LEVEL 23260.
I am not a profession or well experienced trader. I am an intermediate level trader.
This analysis is just my practice and only for education and my learning purpose.
Don`t blindly trade on any ideas or tips do your own analysis.
THANKYOU...
3M India Ltd - 31.12.20213M India Ltd - 31.12.2021
The stock is trading @ 25360 levels
The prices are at EMA
There is a Head & Shoulders Candle Formation in the making in WEEKLY chart
Doji in weekly chart
The stock is trading in a CHANNEL Range ( 23900 - 26300 )
watch out for the price action
3M India3M India looks bullish to test 30,000 again. Chart is self explanatory with stop losses marked.
3MINDIA will soon be at buying zones can expect 20-30% profitI will buy 3MINDIA because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting.
Entry : 23692
Target : 30473
Stop loss : 22616
3M IndiaTill the time last low is respected and is does not gives a close below it, It should show some good move.
3MINDIA RETRACEMENT3MINDIA retracement is happening. Please refer to the chart that have published. I have given SL and Targets for ur reference. Trade safely. This is only my view. My views may turn wrong. If you have any doubts post your comments below. Thankyou.
3m India Channel BO3M india has broken channel pattern.if closes above the channel then it has upside target potential of 12%++. with SL below the swing low on lower trendline.
3MINDIA RETESTING SYMMETRICAL TL BO3MINDIA is now at the urge of retesting the recent breakout from symmetrical triangle pattern at weekly timeframe
1.) Frist retest point is near 200MA
2.) Supported by RSI
3.) Volume expansion
Execute the trade onle if you see some good sign of bullishness at time of retesting
TARGETS ARE ALREADY MENTIONED IN THE CHART
KEEP STOPLOSS ACCORDING TO RISKPROFILE
ASK YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE
THIS IDEA IS PURELY FOR EDUCATIONAL PURPOSE
3MINDIA 3MINDIA (W):- 22839.65 CMP, Looks good for reversal (Dow theory follow by 3MINDIA) NEXT Target 31700/33000 As per price pattern
1) CIP + Bo retest zone (Cluster Buying Zone )
2) high probability Setup
Bullish on 3M IndiaStock has corrected significantly from the top. Now trading at near long term support zone of 23000-23500. RSI exhibits a positive divergence. Maintain strict stoploss if closes below 23000.
Buy opportunity in 3MINDIATriangle pattern formation wait for the breakout accordingly for the entry
3M_INDIA : BUY OPTIONits not late to buy 3M india if it takes support from yellow line tomorrow it can still be be bought
3M India : One more F patternOnly for learning
1) multi-year range-bound move
2) Strong fundamentals
Join us for more: DailyNifty
#3MINDIA Accumulate for FLAG BO#3MINDIA Accumulate for FLAG BO on Weekly Chart.
Details provided on chart.
