The Electronic Cousins – MIC Vs MI”R”C Electronics
ring and marketing of consumer electronics goods primarily under the brand, Onida. The Company operates through consumer durable products segment
MIC Electronics Limited. is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.
While both companies operate in the Consumer Durable Product Segment – Its surprising to see that both companies Technically are going thru a Very Similar Pattern
- Multi-Year Falling Parallel Channel
- Cup and Handle Pattern near the Parallel Channel Breakout zone
- Both are showing Multi-bagger setup
In the Short-Medium Term, below are the Targets for both Companies
- MIC Electronics: C&H BO done and now on verge of Resistance BO at 50.5. If sustained above 51 WCB then Targets are 65, 83, 110. Compared to CMP – 50 Target is 2x Away
- MIRC Electronics: C&H BO Done and now on verge of Resistance BO at 29. If sustained above 30 WCB then Targets are 50, 90. Compared to CMP – 29 Target is 3x Away
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