MINDACORP - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

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Technical Rating: 4.0

Technical Analysis Summary

• Trend: Consolidating with mild bullish bias
• Moving Averages: Price (₹564) is above DMA 50 (₹552) and DMA 200 (₹525), indicating upward momentum
• RSI (49.8): Neutral zone, no strong momentum signal
• MACD (4.77): Bullish crossover, suggesting potential upside continuation
• Bollinger Bands: Price near mid-band, indicating consolidation with breakout potential
• Volume: Above average (2.63L vs 1.90L), showing increased interest

Entry & Exit Zones

• Support: ₹550 – ₹555 (DMA 50 and recent base)
• Resistance: ₹580 – ₹600 (recent swing highs)
• Optimal Entry: ₹555 – ₹560 on pullback with MACD confirmation
• Exit Zone: ₹580 – ₹600 if price stalls near resistance

Positive

• Quarterly PAT improved to ₹41.8 Cr. from ₹33.8 Cr.
• Price trading above key moving averages
• EPS of ₹8.20 and strong 52-week performance (up 59.7%)
• Positive DII sentiment (+0.35%) and rising volume

Limitation

• High P/E of 68.6 vs industry average of 32.6
• PEG ratio of 8.24 suggests overvaluation
• Debt-to-equity ratio of 0.85 may raise leverage concerns
• Quarterly profit variation of -18.9% indicates earnings volatility

Company Negative News

• Concerns over margin pressure and rising input costs in auto components sector

Company Positive News

• Expansion in EV components and strategic partnerships boosting long-term outlook
• Strong demand from OEMs and export growth potential

Industry

• MINDACORP operates in the auto components manufacturing sector
• Peers include Motherson Sumi, Bosch, and Sundram Fasteners

Conclusion

MINDACORP is currently consolidating with bullish technical signals and rising volume. While valuation metrics suggest caution, improving fundamentals and sector tailwinds support a positive outlook. Traders may consider entry near ₹555 with targets around ₹600, watching for MACD strength and volume confirmation.