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MINDACORP trade ideas
Minda Corp consolidating near ATHKeep Minda Corp in your watchlist. Its consolidating near its ATH. BO above this level could provide a decent upmove.
mindacorp cup and handle patternmindacorp weekly chart cup and handle pattern..
will breakout above 303-304 level.
if breakout happens than will see 400+ level
note : chart is for educational level.
Swing Trading Ideas MINDA CORP LTD
🎁 Stock Name – NSE:MINDACORP
🛄 Trade Type – Pullback
🔵 Entry Level – 300
🔴 Stop Loss - below 280
🟢 Target - above 330
⏲️ Trade Duration 15 to 30 days
⚠️ Risk 🆚 Reward (R:R) – 1 : 2 approx.
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.
- Trying to sustain above ATH- Trying to sustain above ATH
- Good buildup
- Above Key EMAs
- Bullish RSI
Double bottomThe chart shows a double bottom in the D timeframe, Volumes looked increasing for green candles.
RSI also indicates strength.
The entry & targets are marked.
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.
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Mindacorp formation of cup pattern1.Strong resistance @ 287
2.Is near its all time high
3.volume is good
4.can expect 2-3%in btst trade
MINDACORP - DARVAN BOX - SWING MINDACORP has formed DARVAS BOX pattern on DAILY Time frame.
Sustaining above 270 can be a good breakout.
VIEW ON MINDA CORPBREAKOUT on the stock
Stock is trading above April 22 highs
A stop loss can be placed at 260
I am just representing my views
For educational purpose only.
Minda corp. for Long term investment. Buy at current price. And hold for one year time horizon. Golden Crossover (50 EMA Cross 200 EMA). also symmetrical triangle breakout visible on daily time frame.making new higher high on chart.
Rejection and BO at a strong support-Giving BO with volume at the Strong support
-Confluence Zone
- Increased Volume
- Favourable R:R
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
MINDACORP LONGConsolidation near highs is a good sign...also the price is making a triangle...looks good to breakout
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
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.
