*MMTC Ltd.*
Inverse H&S; Formation on Decadal Basis.
Strong Price BreakOut & Sustained.
Strong Vol. Consolidation, Continued Heavy BuiltUp.
RSI: 1H < DM
*Trail SL with Upside."
Book Profit as per Risk Appetite*
NINL sold to Tata Steel for Rs.12K. Sharp Improvement in B/S.
A 1963 Estab. PSU engaged in International Trading of Commodities.
Do Your Own Research...
The stock is trying to move out of 10 years old consolidation base formed. Chart looks very strong in 3M, M.
Next resistance at 130-140 zone.
Happy trading!
In 2010 , MMTC made its all time high at 1300 . Since then the stock is in down trend. Since July 14 , this stock is taking resistance at 59 . Last week the stock has broken this resistance with huge volume and made a Bullish Khatana candle on weekly chart. The primary reasons I feel this is multi bagger because
A. price moved around 50% in a week. This...
NSE:MMTC has given a breakout above level of 31 which is almost after 1.5 months. As per my analysis, it is the best time to take buy entry at level of 31 with stop loss of 26 (-5 points risk).
My expected upside target would be 34.50 (+3.50) & 41 (+10).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
As per technical analysis, my ides is to go bullish on NSE:MMTC
It is the right time to enter at the level of 37.40, then hold positional up side target of 38.80, 40.20, 42.30 & 43.70
My stop loss will 35.50. It would be best risk and reward ratio.
Note: This is my personal analysis, only for learning.
Thanks.
📊 Script: MMTC (MMTC LTD)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Services
📊 Industry: Commercial Services & Supplies
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script has...
As the sector outlook is good , one can go long in this stock . A beautiful consolidation followed by a breakout .
consult your financial advisor before trading and investing
CMP- 41.75
SL- 39.55
TARGET- 46 , 50 , 55
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to...
MMTC has been moving with good volumes in the last few months..channel pattern in monthly TF sugggests that if it it breaks out of the upper channel it could go up to 67.
CMP- 46.1
SL 35
Target 67
This is an idea.
