MINDTECH (INDIA) LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
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.