MINDTECK trade ideas
MINDTECKForming a Base after a Breakout.
Another Flag Pattern possible.
Above all Key EMA.
Good for Short term.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
MINDTECK IND - A reversal Trade with a swing opportunity 10-15%The stock is strong in all higher timeframes, strong consolidation in uptrend is happening for the last 10 weeks close to all time high levels.
It is now reversing from the base level of 226. Daily and weekly candles shows a price action of reversal.
RSI supportive.
ENtry - 235 - 240
Target - 270, 280,300.
MINDTECK BUYThe company is an IT company and has very strong fundamentals. CMP looks good for entry and then can avg if it goes down to support levels. As we can see this stock is making its third attempt of breaking out of the trend line. This time, it i contracting with its EMA as support, suggesting a stronger probability of a breakout. The target are very high, 20%. No buy sell reco. NSE:MINDTECK
Mindteck support and resistance good fundamentals and no pledge.Mindteck support and resistance. PE vs Industry: 517344 is good value based on its PE Ratio (13.7x) compared to the Indian IT industry average (30.8x). PE vs Market: 517344 is good value based on its PE Ratio (13.7x) compared to the Indian market (22.8x).
Semiconductor Stock for future cmp 92.45Considering the alarming shortage of semiconductor chips automobile market is facing a huge production issue. Maruti suzuki and mahindra has announced the chip shortage and are worried about their production. Tata motors is already facing this issue. Keeping all these facts in mind, this is the right time to enter into semiconductor stocks. It is taking 50 EMA Support , if it closed above EMA then its a time to buy.
Mindteck is one of the semiconductor companies, financials are good, technically this is the right time to enter CMP 92.45
other stocks are SPEL Semiconductor and moschip technology.