The Electronic Cousins - MIC Vs MI"R"C Electronics
MIRC Electronics Limited is an India-based company, which is engaged in the business of manufacturing and marketing of consumer electronics goods primarily under the brand, Onida. The Company operates through consumer durable products segment
MIC Electronics Limited. is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.
While both companies operate in the Consumer Durable Product Segment - Its surprising to see that both companies Technically are going thru a Very Similar Pattern
In the Short-Medium Term, below are the Targets for both Companies
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MIC Electronics Limited. is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.
While both companies operate in the Consumer Durable Product Segment - Its surprising to see that both companies Technically are going thru a Very Similar Pattern
- Multi-Year Falling Parallel Channel
- Cup and Handle Pattern near the Parallel Channel Breakout zone
- Both are showing Multi-bagger setup
In the Short-Medium Term, below are the Targets for both Companies
- MIC Electronics: C&H BO done and now on verge of Resistance BO at 50.5. If sustained above 51 WCB then Targets are 65, 83, 110. Compared to CMP - 50 Target is 2x Away
- MIRC Electronics: C&H BO Done and now on verge of Resistance BO at 29. If sustained above 30 WCB then Targets are 50, 90. Compared to CMP - 29 Target is 3x Away
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
