3M INDIA LTD NSE:​3MINDIA

The 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.

As per my wave analysis..

Stock might resume its prior trend up after resting on its 0.786 fib levels. Tgt - 144460 SL - 13700

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.

NSE: 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 ...

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.