3MINDIA - Technical Analysis

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

Technical Rating: 4.2

Here’s a comprehensive technical analysis of 3M India (3MINDIA) based on the provided data

📉 Trend Analysis

Current Price: ₹30,915 is above both the 50 DMA (₹29,724) and 200 DMA (₹30,181) — a bullish signal.

Trend Status: The stock is trending upward, showing signs of continued strength with potential for further upside.

📊 Momentum Indicators

RSI (63.9): In bullish territory, but approaching overbought (>70). Indicates strong momentum, but caution near resistance.

MACD (551): Strongly positive, confirming bullish momentum and trend continuation.

Volume: Current volume (4,856) is below 1-week average (9,839), suggesting mild participation — not ideal for a breakout.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 29,724 Support

200 DMA 30,181 Support

Price trading above both DMAs confirms uptrend and positive sentiment.

📉 Bollinger Bands

Likely trading near the upper band, given RSI and MACD strength.

This suggests strong momentum, but also a risk of short-term pullback if overbought conditions persist.

🔍 Support & Resistance Zones

Level Price (₹) Significance

Support 1 30,200–30,300 Near 200 DMA

Support 2 29,700–29,800 50 DMA zone

Resistance 1 31,500–32,000 Recent swing highs

Resistance 2 33,500–34,000 Psychological and historical resistance

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹30,200–₹30,500 (on pullback or consolidation)

Exit Zone (Short-Term): ₹31,500–₹32,000 (first resistance), ₹33,500–₹34,000 (extended target)

Stop Loss: ₹29,700 (below 50 DMA)

📌 Summary

Trend: Trending upward

Momentum: Strong and bullish

Volume: Slightly weak, needs confirmation for breakout

Technical Setup: Favorable for continuation, but watch for overbought signals

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