Minda Corporation Ltd – Bearish Setup Discussion

Technical View: Minda Corporation Ltd. is showing a bearish technical structure, with selling pressure dominating the recent price action. The stock remains below key resistance zones, while momentum continues to appear weak. Unless the price reclaims important resistance levels with strong buying volume, the possibility of further downside cannot be ruled out. 🔑 Key Technical Levels: 🔴 Resistance: ₹616–₹632 | ₹646–₹661 🟢 Support: ₹602–₹587 | ₹573–₹558 🎯 Potential Downside Levels: ₹587 → ₹573 → ₹558 📉 Market Outlook: A decisive breakdown below ₹602 may increase selling pressure and expose the stock to the ₹587 support zone, followed by ₹573 and ₹558. On the upside, sustained movement above ₹632–₹646, supported by strong volume, could indicate a potential recovery and weaken the prevailing bearish bias. Until a clear reversal or breakout is confirmed, caution remains warranted. ⚠️ Risk Management: Monitor price action and trading volume around key levels. Avoid chasing sharp price movements, and assess risk carefully before considering any trading setup. For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊