Minds Industries WatchList
- Coming out of 5 month long correction
- Tightening towards right
- looks poised for a breakout
- looks good for a swing trade if breaks the resistance line with volumes and sustains above it.
MINDAIND
#MINDAIND BO Candidate on Weekly charts#MINDAIND BO Candidate on Weekly charts
One can look to enter positionally. All details in chart.
Swing Trade Idea #201 : Long on MINDAINDThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
watch for Trendline breakouttwo entry points for buy on trendline breakout 370 and 374 will use 374 on gapup.
keep it in radar for 1-2 days
Minda Industries Leading Diagonal end Wave 3 StartStock post breaking Leading Diagonal started upside with big volume.
Long all dips towards 330-310
Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones.
STOP LOSS 277
In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level).
Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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MINDAIND - SWING - SHORT TERM -LONGExplained the view in chart with levels.
This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I have all the rights to be wrong on my views :)
TraderMonk :)
Minda industry forming a double bottom Almost 42% correction in this stocks , forming a double bottom at 266 with a clear divergence in rsi amd Macd .
Wait for breakout to happen above 390 and 455 on weekly basis to add new positions.
This is stock to watch as stock is still above 200WEma
