MINDACORP trade ideas
Minda Corporation👉You can clearly see that the channel is broken and the bullish channel has been already set up by the bulls.
👉Keep an eye on this stock, and find the right position for long term(min 1 month).
👉According to my analysis, We can see the price striking at 160 or more in coming weeks or months.
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Happy Trading 😊💪
Note:Patience is a key to success.
Disclaimer: This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible of any profit or loss.
MINDA CORPit's given a breakout on yesterday (monday) on weekly chart & we can see the high volumes from past one year. so we can expect a good up move in next coming weeks.
Entry= below 120 (but wait till weekly close), SL=113, T1=150, T2=210
MINDACORP: PROPER Buying above 110.5Bullish above 110.5
Target 200
SL: 97
Risk is yours and Reward is too yours
DAILY SWING CALL // Friday 07th of May 2021 // NSE: MINDACORPDAILY SWING CALL // Friday 07th of May 2021 // NSE:MINDACORP
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 108.4
TARGET: 125+ (15% Around)
STOP LOSS: 97 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Minda Corp - 1.5yr Rounding Bottom / Ascending Triangle BreakoutAuto ancillary sector has started its move. Volumes coming in.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
MINDA CORPBuy-110
SL-99 Below Closing Basis
Target-122-132-147
Time Frame-1-2 Months..
Daily + Monthly Breakout too visible ..
Ride The breakout In Auto Sector..
MINDA CORP - Let's Observe The last Chart of Hindustan Copper had many missing the entry before it broke out and hit upper circuit.
So here I bring Minda Corp which I think will emulate Hindustan Copper to some extent.
This is for everyone to learn as well.
Cup has been formed. Now either wait for a small pull back where one can accumulate after it turns around or be ready for it to race up and retest.
My Hunch is because of the Double Bottom, the stock is strong for an upward rally but the rejection candle may show temporary weakness providing everyone with an opportunity to enter this space.
MINDA CORP- BREAKOUOTPERFECT DOUBLE BOTTOM PATTERN. ABOUT TO GIVE A BREAKOUT. STRONG BUYING SEEN IN THE LAST TRADING SESSION WITH GOOD VOLUMES. REWARD TO RISK RATIO OF 2:1
