Minda Industries trade on 11 June 21′
Setup:
The stock was very close to previous weekly swing high. Daily was resting on 20 EMA. 15 mins had a bullish candle with good volumes, which indicated a move is commencing.
Entry trigger:
Entered at Rs 596.20 after observing good volumes in 5 min candle.
Stop loss:
Stop loss was was just below the first bullish candle at around Rs 585 and near to 15 mins 200 SMA.
Chart:
Target:
Expecting a target between Rs 675 – Rs 700 in few weeks. The scrip is making all time highs.
Voitto Insights
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