Long
MINDA INDUSTRIES LONG
Daily charts of Minda Industries shows breakout from a crucial range (purple). After that a retrace is being witnessed. Retrace is expected till the purple zone.
Look for buying opportunities after the retrace and wait for confirmation candle. Also, after the retrace and a confirmation candle (with a good body and volume) it will also become a flag formation breakout, confirming bullishness!
Buy after retrace ensuring a confirmation candle.
Targets (buying around 614 after retrace) can be 678, 708, 740
STOP LOSS: 601
RSI correcting itself hence upside expected
Risk- Reward favorable
MACD bullish
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
Look for buying opportunities after the retrace and wait for confirmation candle. Also, after the retrace and a confirmation candle (with a good body and volume) it will also become a flag formation breakout, confirming bullishness!
Buy after retrace ensuring a confirmation candle.
Targets (buying around 614 after retrace) can be 678, 708, 740
STOP LOSS: 601
RSI correcting itself hence upside expected
Risk- Reward favorable
MACD bullish
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
Transaction en cours
Trade active now!!Stock retraced and then saw buying pressure on the same day.
Stock closed with high volumes at the end showing investors' interest.
May give a gap up opening. Buy at lowest price possible!!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.