MINDACORP - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.4

📈 Chart Patterns & Trend: MINDACORP is trading at ₹595, above both its 50 DMA (₹580) and 200 DMA (₹544). This indicates a short-term uptrend supported by moving averages, though the stock is facing resistance near its recent high of ₹644.

📊 Moving Averages: Price above both short- and long-term averages confirms bullish sentiment. Key support lies near ₹580 (50 DMA) and ₹544 (200 DMA), while resistance is around ₹640–₹645.

📉 RSI: At 46.4, RSI is neutral, suggesting balanced momentum with scope for further upside if buying interest increases.

📈 MACD: Positive MACD (1.09) signals mild bullish momentum, supporting continuation of the uptrend.

📉 Bollinger Bands: Price is near the mid-band, indicating consolidation. A breakout above ₹610–₹620 could trigger bullish momentum toward ₹640.

📊 Volume Trends: Current volume (2.82L) is below the weekly average (5.96L), showing reduced participation. Stronger volume is needed to confirm breakout strength.

🎯 Entry Zone: ₹580–₹590 (near support)

🚪 Exit Zone: ₹635–₹645 (near resistance/high)

Positive

• Stock trading above both 50 DMA and 200 DMA confirms bullish momentum.
• EPS of ₹7.55 reflects consistent earnings performance.
• DII holding increased (+0.35%), showing domestic institutional support.
• Strong 52-week performance (75.2%) highlights investor confidence.

Limitation

• High P/E (78.8) compared to industry PE (30.0) suggests overvaluation.
• Quarterly PAT variation (-25.0%) shows earnings volatility despite growth in absolute PAT.
• FII holding decreased (-0.11%), reflecting reduced foreign investor confidence.
• PEG ratio of 9.46 highlights expensive valuation relative to growth.
• Debt-to-equity ratio of 0.75 indicates moderate leverage risk.

Company Negative News

• High valuation multiples raise concerns about sustainability of current price levels.
• Reduced foreign institutional participation adds pressure on sentiment.

Company Positive News

• Domestic institutional investors increased stake, showing local confidence.
• Stock trading near highs reflects strong market momentum.
• Consistent EPS growth supports long-term fundamentals.

Industry

• Industry PE at 30.0 is much lower than MINDACORP’s PE (78.8), suggesting premium valuation.
• Auto component sector benefits from rising demand in passenger and commercial vehicles.

Conclusion

📌 MINDACORP is in a short-term uptrend, trading above key moving averages with positive MACD and neutral RSI. Entry near ₹580–₹590 offers favorable risk-reward, while resistance at ₹635–₹645 provides exit targets. Despite strong momentum and institutional support, high valuation and earnings volatility warrant cautious optimism in the medium term.