MINDACORP - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 2.8

🚗 Intraday Trading Analysis for MINDACORP

MINDACORP shows a technically weak setup for intraday trading today, with bearish momentum and declining earnings. Here's the detailed breakdown

✅ Positive Indicators

Current Price near 200-DMA (₹514): Could act as a support zone.

FII Holding Increase (+0.50%): Mild foreign investor interest.

EPS (₹10.7): Reasonable earnings base.

P/E (48.1) > Industry PE (31.2): Valuation premium, possibly due to brand or growth expectations.

⚠️ Negative Indicators

RSI (45.3): Below neutral, indicating weak momentum.

MACD (-2.34): Bearish crossover, suggesting downward pressure.

Volume (97k) < Avg Vol (1.86 lakh): Low participation today.

Price < 50-DMA (₹520): Trading below short-term average.

Qtr Profit Decline (-26.5%): Weak earnings performance.

PEG Ratio (3.18): Overvalued relative to growth.

Debt-to-Equity (0.73): Relatively high leverage.

52w Index (29.5%): Far from yearly high, indicating weak sentiment.

📈 Intraday Strategy

🔹 If Entering Fresh Today

Optimal Buy Price: ₹505–₹510 (on dip near 200-DMA support)

Profit-Taking Levels

Target 1: ₹518 (near 50-DMA)

Target 2: ₹525 (if volume improves and RSI rebounds)

Stop-Loss: ₹495 (below psychological and technical support)

🔹 If Already Holding Today

Exit Signals

RSI drops below 43: Indicates further momentum weakness

MACD diverges further negatively

Price fails to hold above ₹510 by mid-session

Volume remains below 1 lakh with flat or declining price action

🧠 Final Thoughts

MINDACORP is not an ideal intraday candidate today due to weak momentum, low volume, and recent profit decline. While the stock is near its 200-DMA, suggesting potential support, any trade should be approached cautiously with tight stop-losses.

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