MINDACORP - Technical Analysis

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

Technical Rating: 3.3

Here’s a detailed technical analysis of Minda Corporation Ltd (MINDACORP) based on current indicators and price action

📊 Trend Overview

Current Price: ₹512

50 DMA: ₹520 | 200 DMA: ₹514 → Price is below both DMAs, indicating short-term weakness and trend reversal signs.

RSI (45.3): In the neutral-to-bearish zone, showing lack of momentum.

MACD (-2.34): Negative, confirming bearish crossover.

Volume: Significantly below average, suggesting low participation and weak conviction.

📌 Trend Status: Reversing from bullish to bearish.

📈 Chart Patterns & Momentum Signals

Candlestick Patterns: Recent lower highs and bearish candles suggest distribution phase.

Bollinger Bands: Price near lower band, indicating oversold conditions and potential short-term bounce.

Volume Trend: Declining volume with falling price hints at institutional exit or profit booking.

🧭 Support & Resistance Zones

Level Price (₹) Notes

Support 1 500 Psychological level

Support 2 480 Historical swing low

Resistance 1 520 50 DMA

Resistance 2 540 Minor trendline resistance

Major Resistance 580–653 52-week high zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹480–₹500 (on pullback near support)

Exit Zone: ₹520–₹540 (short-term resistance)

Stop Loss: ₹470 (below key support)

🧠 Summary

Momentum: Weak

Trend: Reversing

Volatility: Moderate

Short-Term Outlook: Bearish bias; wait for RSI recovery and MACD crossover before entering aggressively

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