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MINDA CORPORATION LIMITED

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MINDACORP trade ideas

Symmetrical Triangle and Parallel channel Multi Breakout Idea: I am using 1 D Time frame in Minda corp here Tools: Using the Fibo tool for retracement purposes ( as the stock went up fast so to a resistance level, so we need a retracement of at least 50-60% fibo for low risk trade else its fine for a risky trader to enter ( ofcourse at your own risk, take financial advisors advice too if needed ) Thought process: The stock 1st breakout was a fake-out as a hidden parallel channel was in action too at that time also, see the candle size too, it was small, now the candle size is more significant and bullish close too with good volume. Trade type: Activated as per my setup ( you do your analysis and find a good trade spot as per your setup too ) Target and Stoploss depend from person to person. General Target is the red supply zone ( also the top of the pattern ) Stop loss can be decided on your own at your own risk (it's a person's risk appetite tool ) Good luck
NSE:MINDACORPLong
by Averoy_Apoorv_Analysis
1
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.
NSE:MINDACORPLong
by nikunjbhadja
MINDACORP Weekly Chart: - 5 Years of Multiyear Breakout#MINDACORP (Minda Corporation Ltd.) Weekly Chart: 5 Years of Multiyear Breakout Since October 18, 2021, it has outperformed both the Nifty and its sector peers. BSE: 538962 NSE : MINDACORP Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices. Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a head fake. Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed. For example, if an uptrend precedes a symmetrical triangle, traders would expect the price to break to the upside. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
NSE:MINDACORPLong
by Usemerr
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.
NSE:MINDACORP
by rvc8280
HOLD 3-4 DAYS ONLY FOR SWING TRADECup and Handle pattern Breakout Pattern in MINDA CORP> Book profits within the first 30 minutes of the market opening - Try to exit by taking 8-10% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall CMP- 214 Target Price 222
NSE:MINDACORP
by kishan_Vyas
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.
NSE:MINDACORPLong
by TheUnlearningOne
1
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.
NSE:MINDACORPLong
by Purushothg19
6
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.
NSE:MINDACORPLong
by TradingSutra
3