MINDA IS FORMING INVERTED H&S AT 50% RETRACEMENT OF LAST HUGE RALLY FROM 110 TO 400+.
BUYING MAY BE CONSIDERED IN THE ZONE 305-318 KEEPING STOP LOSS AT 298.
ONCE IT REVERSES UPWARDS FROM 320 OR SO, IT MIGHT CROSS NECK LINE AND TRY TO REACH 400 AND 418.
IT IS TIME CONSUMING. PATIENCE WILL PAY.
MINDA IND- After a good runup, Now looking weak, SHORT expected below 338.00 for Initial Target of 330, 325. Close above 344 is strong for the stock & consider as SL.
CMP- 340.65
CDt:- 8-March'18
NSE:MINDAIND
-Broke out of a small inverted H & S pattern and held the retest.
-Consolidating nicely in a bigger inverted H & S pattern.
-Nice volume action.
-Long term ascending triangle.
-MACD Bullish cross.
Not an investment advice. Do your own due diligence.
-Stock broke out of a symmetrical triangle on huge volume.
-Stock is consolidating nicely while forming a bull flag.
-Stock also forming a long term ascending triangle.
-Bullish MACD.
-Stock should consolidate for a few days and then shoot higher IMO.
Not an investment advice. Do your own due diligence.
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MINDAIND
