Price is in Up-Trend marking HH, and HL respectively through the parallel channel. No Divergence was seen on (RSI). Price is Near the support line, previously multiple times the price honor channel's bottom line. Bears lose control over Volumes and bulls take the charge. Price anticipating to form AB=CD harmonic pattern.
The price movement is exhibiting a pattern of rejection from a descending trend line. Presently, support is delineated within a range of 550-555, constituting a trial of the ascending trend line, from which a retracement is anticipated. The 50% retracement level is situated at approximately 615, serving as a test of the descending trend line, which functions as a...
MTL appears poised to reach new highs not seen since December. However, there's a formidable resistance at the monthly channel top, indicating a potential reversal. 📈 Despite this, bullish signals from key indicators like RSI above 70, along with a positive ADX and DI+, suggest a favorable outlook for long positions. 🚀 Let's remain optimistic and anticipate...
MTL is in accumulation phase on daily chart, it might go upward in the coming days. if it breaks the supports then it might fall more below.
MTL is going to break its previous lower high and might reverse the trend in upward direction.
MTL is showing downwards trend, making Lower Highs and Lower Lows which indicates a bearish trend.
🚀 Stock Alert: MTL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 550 🎯 Targets : 600 (9.09%) ⚠ Stop Loss: 525 🏅 Risk & Reward Ratio = 1 : 2 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: Break out and retest is observed from the trend line as shown in the...
1. Price action can be seen due to outstanding results 2. Any closing above 570 leads to 600 --> 630 --> 680 3. 9 March 2024 I see a price of MTL around 850
Buy Above 570 Sell around 590 then 605 Stoploss 540 (Closing Basis)
MTL is currently extremely bullish, as it has successfully printed a new high low for the on-going rally. It is all set to take the downward correction trend line, and a break out above 590 would confirm the new upward move. Targets are mentioned on the chart.
Buy Call # 145 - MTL Call Date: 01-02-2024 Quick Trade: Buy around 520 - 525 with Stoploss of 504 Sell around 545 then 570 For Patient Traders: Buy1 around 498 - 500 | Sell around 545 - 548 Buy2 around 448 - 450 | Sell around 490 - 495 Stoploss 415 (Closing basis)
Opportunities 01, It is a strong share as well as the biggest player in the PSX market. 02, Dividend and bonus share-based share. 03, Fundamentally strong company in the tractor sector. 04, Buying opportunity for the long term is 519, 482 after the trend analysis. Threat 01, Current Political Situation. 02, Low volume yet. 03, The Super trend still is red. 04,...
MTL is in a strong bullish rally, and is expected to continue this momentum by printing new higher highs in coming days/weeks.
Momentum is so Strong what do you guys think is enough to Break the Channel? The above Rs: 500 Closing is Important?
It looks like the following downtrend in the future b/c, it is currently trading at the supply zone conformed by the trend line, and volume is low, 100 index is an all-time high of last year, a clear divergence conformed trend reversal
Millat Tractor is in Bullish Trend with Higher Highs and Higher Lows
Millat Tractor seems to be bracing for another bull run after retesting the immediate support level.