Please 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
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:...
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...
#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...
Stock gives breakout on hourly timeframe .
CMP : 224
Target : 247
Stoploss : 213
This is not a buy or sell call, this analysis is shared for educational purpose.
NSE: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...
Minda corporation is in a nice consolidation from april 2022. It is clearly visible from the chart that this consolidation came to end and one can go long with sl below the lower trendline.
Cup 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...
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...
