MINDACORP - Long Setup, Move is ON..NSE:MINDACORP
✅ #MINDACORP trading above Resistance of 404
✅ Next Resistance is at 482
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MINDACORP
MINDACORP - Ichimoku BreakoutStock Name - Minda Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 327
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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MINDACORP - Long Setup, Move is ON..NSE:MINDACORP
✅ #MINDACORP trading above Resistance of 312
✅ Next Resistance is at 404
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Very healthy breakoutChat -> Minda Corp Daily
Consolidation near ATH and the breakout with volume blast shows it is a very healthy breakout.
CMP: 298
Good Range: 285 to 300
Targets: 320, 360, 410
SL: 260 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
MINDACORP - Ichimoku Bullish Breakout Stock Name - Minda Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 288
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
MINDACORP - Ichimoku Bullish Breakout Stock Name - Minda Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 243
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
MINDACORP - Consolidation and BreakoutNSE:MINDACORP
Currently trading above long-term support 210 level and trying to breakout triangle pattern.
Also, Daily RSI is at 59 > Weekly and close to Monthly RSI levels. Recently Daily RSI crossed moved from 40 levels and crossed the W RSI level and is on the raise.
Also recently formed an inverted Head-n-Shoulder pattern and trying to breakout Head level.
Add to watchlist - once sustains above 224 level.... will move to 235 and then to 250+ levels in short period.
Minda Corp Ltd.Formation of a symmetrical triangle pattern. Key levels to watch are 222, 237, 253 and 287 on positive momentum.
Above 287, can see a breakout move given the consolidation phase the stock is in since the high.
188-175 can act as important support zone. However, price breach on the downside at 165 can see the stock price even go lower till 150 level.
Always trade with a strict stop loss.
Note: Personal analysis, not a buy sell recommendation. Please do due diligence and consult your investment advisor.
MINDA CORP LOOKS GOOD FOR SWING AND SHORT TERMthis is my first post hereafter i post good swing and short term stocks before 3:15
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
** In this chart, I can see good supportive trendline and whenever it hits the line it showing some bullish pattern candle and rises.
The Resistance Line was breached with very good candle and Breakout of small INVERTED HEAD & SHOULDER pattern.
One can long above 217 to capture those target.
keep following We will grow like healthy society.
MINDACORP: Inverse H&S BreakoutInverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on cmp add on dips , keeping SL of 200 look for the measured target of 240-245 region.
MINDACORP - Monthly chart analysis - Multiyear breakoutThe analysis is done on Monthly TF hence price may take few weeks to several months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.