Minda Industries Short Term BreakoutThe stock has broken out with good volumes and retested multiple times, so it may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below multiple support zones & the previously upper trendline. The target is placed near all time high.
MINDAIND
MINDAIND LONG INTRADAY 16 MAR,2021Dear trader,
If u look at the chart of MINDAIND (analysis based intraday only) the MINDAIND BUY around at 550 and TARGET at 565 and STOPLOSS at 540.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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Go long on Minda Industries Minda Industries looking good. Breakout and restart done. As per FIBO levels, It can touch 715 /882 in next couple of months.
News on Mendatory Airbags in Cars will also impact and price will go higher as the demand will. Company have a 25% Airbag market share in India.
MINDAIND - CUP AND CHEAT BULLISH PATTERNCMP 430
Long suggested above 460 ONLY
Stop 408
Target Open
Logic
Weekly chart
Cup and Cheat pattern
