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MINDA CORPORATION LTDMINDA CORPORATION LTDMINDA CORPORATION LTD

MINDA CORPORATION LTD

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MINDACORP trade ideas

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.
NSE:MINDACORPLong
by ashikb1987
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.
NSE:MINDACORPLong
by prachitv1
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.
NSE:MINDACORPLong
by amitgupta50320
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