3M IndiaFlag Breakout with Good Volume
All Details Posted on the chart
Please Do Your Own Analysis,
This is my Personal View & Trade
3MINDIA trade ideas
3M India: Nice Price ActionThe stock has displayed the tendency to congest or form a nice VCP pattern, as described by Mark Minervini. Another such pattern is in progress now. A breakout above the green line in the chart will be a sign of strength and would have me interested in buying this stock.
3M India - Symmetric TriangleStock might resume its prior trend up after resting on its 0.786 fib levels.
Tgt - 144460
SL - 13700
3M India Ltd:13729 support 9000 (on request)10009 was an approx 38% correction of the last up swing.
But that seems to be a 5th extension and may
correct more towards 50% 9000 or even 7600 level.
The stock is worth' investing for a target 16000 in long term.
[ Bullish ]......Symmetric Triangle with Positive RSI DiverganceNSE: 3MINDIA is beautifully forming a Symmetric Triangle with a Positive RSI Divergance on Weekly Charts...
This scrip is getting ready for making a big move in next few weeks...
Current Market Price is 11,600
Currently it is in downtrend and may fall upto 11,000 to 11,150 and could take support over 100 Days Moving Average which would be opportunity for making long positons...
Do your own study before making any positions...
Please Like, Follow and comment your views...
3M India : Settling into contracting triangle pattern ?3M India looks to be fitting itself into a neat contracting triangle pattern.
Assuming the pattern holds, long positions can be entered as a swing trade at current levels with targets of closer to its previous highs/top range of around 15150. Any breakdown from the range is an exit. Neat risk reward.
