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Technicals for Minda Corporation Limited
By MusingTheNews
2026-02-03 20:48
Overall Technical outlook
Price Summary
Minda Corporation Limited's stock saw a 2.43% surge, showcasing an phenomenal market day. Minda Corporation Limited's stock began trading at 550.3 on 2026-02-02, soared to 573.1, dipped to 544.35, and finished the day 2.43% higher at 563.65, with 107550 shares exchanged. The peak price for the stock in the past 52 weeks is 607.6, with the lowest price being 458.8. Based on recommendations from 6 analysts, the future price of MINDACORP is expected to range from 570.0 to 710.0, with an average price expectation around 654.3333.
Technicals
Support and Resistance: The current price of 563.65 for MINDACORP is supported at 534.5 and faces resistance at 579.1. These levels indicate that 534.5 could act as a floor, while 579.1 might limit any further price increases. Support/Resistance for MINDACORP
Aroon: The current state of the AROON is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Aroon chart for Minda Corporation Limited
Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Bolinger Bands chart for Minda Corporation Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for MINDACORP. Parabolic Stop and Reverse chart for Minda Corporation Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for Minda Corporation Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, not indicating a clear upward or downward trend for Minda Corporation Limited. This suggests a period of market balance, where neither side is showing dominance. Tripple SMA chart for Minda Corporation Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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