I 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
3MINDIA 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.
3MINDIA 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...
Breakout done... First target of 26500
Sl of 2% which is yesterday's low
Enter at yesterday's close or high cross
This can be a strong short term stock with 100% return in 2 to 4 months
It's a very strong breakout if it can sustain and reach first target