3MINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here's a detailed technical analysis of 3M India (3MINDIA)

📊 Trend Overview

Current Trend: The stock is in a consolidation phase after a prior uptrend. Price is hovering around key moving averages, indicating indecision.

Price Action: Trading at ₹30,440, slightly below the 50-DMA (₹30,484) and just above the 200-DMA (₹30,358), suggesting a neutral bias with potential for either breakout or breakdown.

📈 Momentum Indicators

RSI (45.6): Neutral zone, leaning bearish. Below 50 indicates lack of strong buying momentum.

MACD (-47.1): Bearish crossover, confirming short-term weakness.

Volume: Current volume (4,093) is slightly above 1-week average (3,435), but still low for a breakout. Indicates lack of conviction.

📉 Volatility & Bands

Bollinger Bands: Price is near the middle band, suggesting consolidation. No breakout or breakdown signal yet.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 30,000 – 30,350 Near 200-DMA, psychological round level

Resistance 30,800 – 31,200 Recent swing highs and 50-DMA

Breakout Zone 31,500+ Above this, next target is ₹33,000 – ₹35,000

🎯 Entry & Exit Strategy

Optimal Entry: ₹30,000 – ₹30,350 (on dips with bullish reversal confirmation)

Exit Zone: ₹31,200 – ₹33,000 (partial profit booking); ₹35,000 (final resistance)

Stop Loss: ₹29,800 (below key support)

🔍 Summary

Trend: Consolidating

Momentum: Weak to neutral

Volume: Low, needs confirmation

Outlook: Cautious; wait for breakout above ₹31,200 or reversal near ₹30,000

Sources: TradingView Technicals

1

, ETMoney Technical Analysis

2

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1

in.tradingview.com

2

www.etmoney.com

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