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As we delve into the captivating world of MTAR Technologies Ltd., a pioneer in the manufacturing sector since 1970, it becomes evident that this company has not only weathered the test of time but also demonstrated an impressive resurgence in recent market activity.
With a diverse portfolio spanning energy, nuclear, space, aerospace, defense, and other...
Pattern looks like price is moving inside an ascending channel but it is a rising wedge pattern of cycle degree (abcde) with each primary wave forming 3 wave formation (ABC).
Good to buy around 1620 for a target of 3250 with SL at or below 1450. (Approx. 100% ROI)
Stop loss is mandatory.
Technically RSI is in highly oversold territory.
Fundamentally company has...
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Stock has given break out on weekly chart.
Check out grey support range.
If fall below, wait till it reach green support range.
Forming Rounding bottom chart pattern with grey support range.
3700 should be tested.
Targets mentioned in chart - SL 2000
30 Aug 2023: MTAR Technologies Limited Receives the Defence Industrial License for Production of Various Mechanical and Electronic Subsystems
Market Cap
₹ 7,308 Cr.
Current Price
₹ 2,376
Stock P/E
68.0
Book Value
₹ 202
Dividend Yield
0.13 %
ROCE
22.2 %
ROE
17.9 %
Face Value
₹ 10.0
Promoter holding
39.1 %
EPS last...
In the Weekly Chart of MTARTECH ,
we can see that, it has given Cup & Handle breakout.
Let it retest. Go Long for MTARTECH.
Possibilities are shown in chart.
TRADING COMMUNITY
JOIN US ONLY IF YOU WANT PEACE AND PROFIT IN YOUR TRADING LIFE.
I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
*Goldencross strategy is one of the strategy used for long term investing.
Follow the FIVE rules below:
1)Book 50% profit at TP-1.
2) Book whole profit at TP-2 or wait for death cross and book whole profit when happened.
3) Stoploss is when death cross happened.
4) Wait as long as it hits TP as it is sluggish but strong bullish strategy.
5)Follow above 4 rules.
...
