MINDACORP gave an amazing breakout, in daily TF.It can be a Great Swing trade.
Minda Corp. Chart Can buy mindacorp at current level for Target 1st 244 and 2nd target of 274
Trade Setup In Minda corp. Symmetrical triangle type pattern In Minda Corp LTD Buy Entry Setup:- Buy Above 206 Stoploss below 196 Targets 216, 226, 236, 246. Sell Entry Setup:- Sell Below 193 Stoploss above 203 Targets 183, 173, 163, 153. #swingtrading
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
In 9MFY22 the company's 49.8% revenue was from 2-3 wheelers, CV is 21.9% & PV is 12.1%. 83.8% business is from India. Out of Total orders of 42,318mn 23,626 was from New Business and other was from Replacement business. The EV orderbook out of Total order was 8426 mn & Export was for 2584 mn rest was Domestic order. Business win from EV Players worth 8,426...
Mindacorp is trying to give a breakout from inverted head and shoulders pattern. Good trade if closes above 210 today. Safe above 215.
MINDACORP DAILY CHAT IS SHOW ROUNDING BOTTOM FORMATION .............. Mindacorp Buy - 245, add qty. 180, Sl - 150, Target - 400 (Mid-term swing) ENJOY !
NSE:MINDACORP Formed inverted Head & Shoulder... and break out with increased Volume.
Here it has again retested the previous level and ready for more upmove
every time minda corporations broke out resistance levels those levels given support for next breakout
On Daily time frame, We can see in few days rounding bottom pattern breakout. Enter positional trade above 230 for target of 410 .
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Breakout with volume Outperforming index Volume relatively less in candles before breakout indicating supply absorption
Minda was moving in a channel for some time and today it broke out of channel with good volumes ( positive sign)..if it retests the channel in coming days, it could make a big move up. CMP -125.6 Target 1 - !39-40 Target 2 - 155 This is not advice to trade. Calculate your own risk/reward ratio and SL and trade.
Buy NSE:MINDACORP Buy @ 160-165 Short term : 200 Mid Term : 270 Stop Loss : 130 Note: I am not a Sebi Registered Advisor. Please Consult with your Financial Advisor before Investing.
Rounded bottom breakout Target -161 SL - 129 Entry - CMP
NOT A TIP OR CALL ONLY FOR EDUCATIONAL PURPOSE * Triangle breakout * High volume * Retesting NSE:MINDACORP