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3M India Limited

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3M-NAAM HI KAAFI HAIN.1. Elliott Wave Count Wave 1 peak near ₹26,375 (retraced by 0.618 for Wave 2 – valid). Wave 3 extends strongly till near ₹40,856 (confirmed as the largest wave). Wave 4 seems to have: Landed in the previous demand zone RSI not oversold but near midpoint → healthy correction Found support slightly below 0.382–0.5 Fib zone (valid depth for Wave 4) ➡️ Wave 5 target is plotted at ₹51,875 — approx 1.618 of Wave 1 projected from Wave 4 base (logical, valid) 2. Fibonacci Levels Wave 2 correction: Retraced to 0.618 (₹26,375) – perfect Wave 4 correction: Landed close to support from 0.382–0.5 of Wave 3 and earlier structure Target for Wave 5: Conservative: ₹41,596 (1.618 ext of Wave 1) Aggressive: ₹51,875 (based on higher extension) 3. Volume & RSI Volume: Low overall but no heavy selling — sign of healthy consolidation RSI: At 47 – neutral zone, potential to rise if Wave 5 starts RSI divergence: None visible — aligns with bullish continuation ✅ VALIDITY CHECK — Is It Correct? Checkpoint Status Comment Elliott Wave Rules Followed? ✅ Waves 3 > 1, Wave 4 does not enter Wave 1 zone Fibonacci Levels Logical? ✅ Wave 2 = 0.618, Wave 4 = demand zone + structure Wave 5 Target Reasonable? ✅ Based on logical extension RSI & Volume Supportive? ✅ RSI recovering, no sign of breakdown ✅ Conclusion: Yes, the wave count and setup look correct and valid. No major corrections needed.
NSE:3MINDIA
by Pushpmegh
3MINDIA : Going long for about 0.625% of the net capitalTechnical Overview : Took a position for about 0.625% of the net capital from the lower trendline of the parallel channel targeting the highs for a potential move of about 39%. Fundamental Overview : 3M India Limited, a subsidiary of the U.S.-based 3M Company, has demonstrated a mixed financial performance over recent quarters, influenced by various market dynamics. For the fiscal year ending March 31, 2024, 3M India reported a 29% increase in net profit, totaling ₹5.83 billion, compared to ₹4.51 billion in the previous year. Revenue rose by 5.8% to ₹41.89 billion from ₹39.59 billion. The profit margin improved to 14% from 11% in FY23, driven by higher revenue. Earnings per share also increased to ₹518 from ₹400 in the prior year. Segment-wise Performance: Healthcare: This segment has shown consistent growth, with a notable 19% increase in revenue during Q2 FY25. Safety and Industrial: Experienced growth of approximately 8-9% in Q2 FY25 but faced a 1.4% decline in Q3 FY25. Transportation and Electronics: While there was a 10% revenue increase in Q3 FY25, this segment saw a slight decline of 1.4% in Q2 FY25 and a 4% decrease in Q1 FY25. Profitability and Margins: The company's profitability has been impacted by rising raw material and freight costs, leading to margin contractions in certain quarters. For instance, in Q3 FY25, EBITDA margins contracted by 12% year-over-year due to increased expenses. Strategic Actions: To mitigate inflationary pressures, 3M India has implemented price increases across its product range. This strategy contributed to revenue growth in several segments, despite the challenges posed by higher input costs. Conclusion: 3M India's financial performance reflects resilience amid economic challenges, with strategic pricing actions and segmental growth contributing to overall stability. However, rising costs have posed challenges to profitability, indicating the need for ongoing cost management and strategic initiatives to sustain growth. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:3MINDIALong
by Sniper-Traders
3M INDIA LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:3MINDIA
by zenthosh
3MINDIA - Nice Reversal?RSI is looking strong and closing is also above 20EMA Band. Expecting it to fall a bit to normalize the RSI, which CAN BE the right time to enter. For stop loss, closing below 20EMA band or previous swing low can be used. It is purely individual study and choice. Currently market is very volatile and we also have earning of 3MINDIA in coming week, which can contradict my study and analysis. Hence do your own analysis and act accordingly. Strictly follow Risk Reward management and strict SL is necessary.
NSE:3MINDIALong
by Abdul-Rahim
3MINDIA looks bullish3MINDIA (3M India Ltd) looks bullish and has been in an uptrend for a while. It has just crossed 60 RSI on a weekly time frame, above 60 on a monthly time frame & hovering near 60 on a daily time frame. The volume has increased somewhat in the last two weeks compared to the previous volume bars. The price has been taking support at its support level of 31000, which is the neckline of the cup pattern. It would be good if the price breaks 31500 with fair volume. One can achieve 1:5 risk-to-reward ratio. It may give a breakout if it trends upward, as there is no resistance on the upside. It will become weak below 26700 levels.
NSE:3MINDIALong
by vikasbhekare
3M IndiaTrade Setup: Monthly: Forming inside bars from green candle formed in March21. Hammer & doji's formed at the bottom of down trend (positive). Weekly: Crossed the longterm trend line (red colour), and retest happened. As a confluence, broke out of wedge pattern with volumes, and retest happened. The bottom trend line (pink colour) acting as support. Crossed 50 EMA with volumes. Daily: Observe the low volumes on retest of wedge pattern (positive). Entry = 24496 INR SL = below swing low ie; 22370 INR Target = 26495 INR (T1) and 30000 INR (T2) ie; confluence with 0.698 fib levels & psychological levels. RR = 2.55 (considering T2) Remember: for any trade, more the confluences, more is the probability for successful trade. This setup has all these - so, high conviction.
NSE:3MINDIALong
by Madhukavali