Long entry on Minda corp above 497
Can 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
https://www.tradingview.com/chart/q6u02xev/?symbol=NSE%3AMINDACORP
Safe Entry above 497 on 15 minute candle close
Standard Disclaimer : Not a Sebi registered analyst. Consult your financial advisor before investing.
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
https://www.tradingview.com/chart/q6u02xev/?symbol=NSE%3AMINDACORP
Safe Entry above 497 on 15 minute candle close
Standard Disclaimer : Not a Sebi registered analyst. Consult your financial advisor before investing.
Trade chiuso: obiettivo raggiunto
505 reached on 02 07 2024
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