Mumbai: Shares of auto ancillary company Minda Corporation jumped 4 per cent in early trade today. There is a lot of interest from buyers in this stock. It is one of the trading stocks despite high volatility in the broad market. Technically, the stock has registered a breakout from the triangle pattern with higher than average volume. Its volumes have increased for the third consecutive day which is an evidence of strong buying interest in the stock. The stock is trading above all its important moving averages. The uptrend in the moving averages indicates further upside in the stock. Its relative strength index (62.44) is in the bullish territory and is indicating a stronger RSI compared to the broader market.
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