MINDACORP - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.2

Here’s a detailed technical analysis of Minda Corporation Ltd (MINDACORP)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with short-term momentum

Bias: Positive, supported by price action above key moving averages and strong MACD

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹509

200 DMA: ₹510

Current Price: ₹531

Price is above both DMAs → confirms bullish trend

Recent crossover and rising slope → momentum is strengthening

🔹 RSI (Relative Strength Index)

RSI: 63.5

Bullish zone, approaching overbought territory

Indicates strong buying interest but caution near ₹550+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 5.82

Strongly positive → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Could signal continuation if volume supports the move

🔹 Volume Trends

Current Volume: 5.10 lakh

1-Week Avg Volume: 3.11 lakh

Volume spike confirms breakout strength

Institutional interest likely driving momentum

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 515 Minor pullback zone

Support 2 509 50 DMA, strong base

Resistance 1 545 Immediate resistance

Resistance 2 580 Intermediate ceiling

Resistance 3 624 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹515–₹525 (on pullback near support)

Exit Zone / Profit Booking: ₹580–₹624 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Strong bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: High volume supports sustainability of move

🧭 Conclusion

MINDACORP is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹515 with targets around ₹580–₹624, while watching RSI for signs of short-term exhaustion.

Would you like to compare this setup with other auto component stocks or set alerts for breakout confirmation?

Edit in a page