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AALGO BREATHS I SEBI RA

22nd Dec · SEBI-Registered Analyst

Minda Corp Ltd – Technical & Fundamental View

MINDACORP
📊 Minda Corp Ltd – Technical & Fundamental View Timeframe: Daily The stock is trading above the 20-DMA and near the upper Bollinger Band, indicating steady bullish bias. Price action shows higher base formation, suggesting accumulation at lower levels. 🔑 Key Levels Immediate Resistance: ₹610 – ₹620 Major Resistance: ₹640 Support Zone: ₹590 – ₹575 📉 Outlook As long as the stock holds above ₹590, trend remains positive. Sustained move above ₹620 with volume can open upside towards ₹640+. A breakdown below ₹575 may lead to short-term weakness. 📌 Fundamental View Minda Corp benefits from strong auto-sector linkage and long-term growth visibility, keeping the broader structure constructive. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS

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