mic elecmic elec looking bullish for long term like long years, semiconductor making like products. you may add for target of 1000,,,,cmp 95 rs
MICEL trade ideas
The Electronic Cousins - MIC Vs MI"R"C ElectronicsMIRC 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
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
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MIC Electronics: 3 days of Lip-Lock in 10% UCMIC Electronics Limited is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment. The boost in Green Energy, LED lights and Telecom has lifted the sentiments on MIC Electronics. Also, it recently started venturing into Co-Developing 42v/3A Electric Vehicle Battery Chargers for e-Bikes. All this resulting in a blasting rally in Mic Electronics
On the Technical Front:
MICEL was travelling within a Falling Parallel Channel since 2008 and finally BO of the 15 year Channel and then formed a Beautiful Cup and Handle Pattern on Monthly
After Breaking out of C&H, it has not formed a Fresh Rounding Bottom Pattern - BO also done above 50.4 (CMP 51.5)
Like the Infamous Hero Kamal-Hassan, MIC Electronics is also Lip-Locked in 10% UC for past 3 sessions :) :) :)
Targets 65, 83, 108
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to 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 irrespective of its Side"
*** Important *** 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
