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MTARTech-A beautiful channel consolidation!

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MTAR TECHNOLOGIES LTD (NSE:MTARTECH)  
tradewithamey_  
NSE:MTARTECH   MTAR TECHNOLOGIES LTD
Parallel Channel Trend Lines Growth MTARTECH defensestocks rally exports longterm investing parallelchannels supportreversal chartanalysis
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parallelchannel trendline growth mtartech defensestocks rally exports longterm investing parallelchannels supportreversal chartanalysis
MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation.
Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc.
Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment purposes as well.

Disclaimer:This is not a recommendation and this is my personal analysis and opinion about stock.
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