minda corporation buy trade Entry point :- 580.50
Stop lose :- 499.30
Risk 1% of capital
Target 1 :- 699.95
Target 2 :- 758.85
Target 3 :- 848.65
MINDACORP trade ideas
MINDA CORP - Gearing up for More Upside ?After almost two months of side ways move the stock is on the verge of taking out the previous Price Rejection Zone. My checklist all ticked right
Relative Strength
Buying Pressure
Increased volume
Money Flow
Absolute Momentum
Increased Delivery volumes
There is a high probability of the stock moving into the next Higher trajectory. A positive close above 527 will add more conviction.
MINDACORP BRAKEOUT ON DAILY CHARTNSE:MINDACORP
MindaCorp gives brake out on daily chart.
I am buying this stock
Near 510
And follow sl on 440
My target will be 640
My risk reward ratio is 1:2
Return on capital 25%+
Long entry on Minda corp above 497Can try for long entry , RSI reaching 70 now, a dip towards 485 can be bought target 505, 510, 515 . Stop loss 460 on daily closing basis( or one hour candle close)
Duration 5 trading days
Piotroski Score 8
Strength
Strong Momentum: Price above short, medium and long term moving averages
New 52 week high today
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Opportunities
Positive Breakout Third Resistance ( LTP > R3)
Brokers upgraded recommendation or target price in the past three months
Negative to Positive growth in Sales and Profit with Strong Price momentum
RSI indicating price strength
Threats
High PE (PE > 40)
Increasing Trend in Non-Core Income
www.tradingview.com
Safe Entry above 497 on 15 minute candle close
Standard Disclaimer : Not a Sebi registered analyst. Consult your financial advisor before investing.
EXPECTED IMPORTANT DIRECTIONAL LEVELS FOR THE YEAR Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point of time MINDA CORP NSE:MINDACORP goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges / Green ranges.
All the Best Folks ! Stay tuned for updates.
IMPORTANT POSITIONAL LEVELS FOR INVESTORSHey Folks..! Hope you all had a great year and i wish you have a wonderful year ahead...
I have marked all the profit booking levels for the year, anyone who is holding any positions should be cautions at these levels...
In case you have a bullish view that treat these levels as a further breakout levels...
This analysis is my personal opinion and do not consider as an investment advice.
Resistance BreakoutPlease 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
Please note that, if there are some big targets, those are drawn thinking for long term.
Trend line breakout manufacture and supply over 20 categories of automotive components and systems to leading Indian and international OEMs based in India, Asia, South and North America and Europe
1) resistance line breakout
2) keeping Stop loss of 295
3) getting towards life time High level
4) risk reward super
5) please take own decision for buy and sell
6) I'm a learner just sharing my knowledge
MINDA CORP any time reached on sky with high fly MINDA CORP is on ready to given breakout with high volume now price is 287 trh 310/330/340 sl 278 for short term
long term above 302 trg 340/380/420 and above sl 278
Minda Corporation-Nice breakout.Minda Corporation-Nice breakout.
Capital to be deployed- 20k
Price - 272
Stoploss-238
Targets -359
#mindacorporation #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
Analysis of Minda Corp: Potential Multibagger of Auto Ancillary
Minda Corp, an auto ancillary company, has shown significant potential for future growth and investment. The stock recently broke out of a long-standing consolidation zone, forming a Cup with Handle pattern on the monthly timeframe. This bullish technical formation has sparked interest among investors.
After trading within a consolidation zone for the past five years, Minda Corp experienced a breakout in April, signaling a potential shift in the stock's trajectory. The formation of a Cup with Handle pattern further strengthens the bullish case for the stock. This breakout suggests the end of a consolidation phase and presents opportunities for further price appreciation.
Minda Corp encountered some profit booking in the recent month, but it appears that the stock has absorbed this impulsive move and is now poised for its next bullish run. This consolidation period can be viewed as a healthy correction, offering investors an entry point into the market.
On the last Friday, Minda Corp displayed a significant bullish candle, closing 5.48% higher than the previous day. This surge was accompanied by substantial trading volume, with 3.8 million shares traded, representing a 219% increase compared to the 10-day average volume. Such a surge in buying interest indicates renewed market confidence and potential upward momentum.
Minda Corp currently trades at a price-to-earnings (P/E) ratio of around 25, slightly above the median P/E of 22 observed over the past five years. While this suggests an optimistic outlook among investors.
Minda Corp recently published its quarterly results, revealing a YoY increase in sales of 13%. This positive indicator reflects the company's growth potential.
For investors considering a position in Minda Corp, a potential long entry could be initiated around the 295-300 price range, with a strict stop-loss level set at 274, representing an 8% downside risk while The projected price targets for the midterm period are 350, 390, and 450. However, these targets should be evaluated in the context of prevailing market conditions and the company's overall performance.
MINDACORP (W) - CONSOLIDATION NEAR THE BO ZONEHH's And HL's pattern is seen near the breakout zone.
Target 1: 335
Target 2: 395
SL: 260
Mindacorp symmetric triangle breakoutCMP 247.75
- Strong Momentum: Price above short, medium and long term moving averages
- Showing price strength
- Bullish momentum
- May hit 270-280 in short term
*Not recommendation. Do your due diligence
MINDA CORPORATIONHey traders this the weekly chart of Minda Coporation wher this stock is givinf brekout of trendline which is important as support line and near swing low 188 zone can be next support so NO Buying view.
long position on MINDA CORPORATION LTDBeautiful breakout of bullish tringle pattern, breakout candle also sustained so we can make a long positions after new candle breakes previous candle high
ENTRY-223 TG1-237 TG2-266 SL-208
this is very low risk and high reward
MINDACORP[b ]#CashTrade
#MINDACORP
Symmetrical Triangle Pattern
Buy @ cmp 221 & in dips till 188 | WCBSL 163 | Tgt 287 / 345+
MINDACORPNSE:MINDACORP
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Minda Corp: Inv Head & ShouldersAfter a brief consolidation, Minda corp is up and ready for a new rally forming an Inv H&S and at the verge of a BO
