Mamata Machinery Ltd – Support Reversal & Retest Zone (75-min)
Mamata Machinery is showing early signs of reversal from a strong support zone around ₹425–₹430. After forming a double-bottom-like structure, the stock has bounced sharply with rising volumes, indicating a possible short-term trend reversal.
Currently, price action is approaching a retest zone (Target-1) near ₹465–₹470. Sustaining above this level can open the path toward the next resistance cluster (Target-2) near ₹505–₹515.
🎯 Key Levels:
CMP: ₹452.30 (+3.81%)
Support Zone: ₹425 – ₹430
Target-1 (Retest Zone): ₹465 – ₹470
Target-2: ₹505 – ₹515
Stop-Loss: ₹425 (on 75-min close basis)
📊 Technical View:
Price rebounded from major support with visible volume spike.
Structure forming higher lows — early indication of momentum shift.
Short-term EMAs turning upward; potential crossover likely soon.
Sustained move above ₹470 can confirm breakout continuation toward ₹510+.
🧠 View:
Mamata Machinery has reversed from key support and is testing its retest zone. A breakout above ₹470 could trigger a short-term rally toward ₹510, while maintaining a stop-loss below ₹425.
Currently, price action is approaching a retest zone (Target-1) near ₹465–₹470. Sustaining above this level can open the path toward the next resistance cluster (Target-2) near ₹505–₹515.
🎯 Key Levels:
CMP: ₹452.30 (+3.81%)
Support Zone: ₹425 – ₹430
Target-1 (Retest Zone): ₹465 – ₹470
Target-2: ₹505 – ₹515
Stop-Loss: ₹425 (on 75-min close basis)
📊 Technical View:
Price rebounded from major support with visible volume spike.
Structure forming higher lows — early indication of momentum shift.
Short-term EMAs turning upward; potential crossover likely soon.
Sustained move above ₹470 can confirm breakout continuation toward ₹510+.
🧠 View:
Mamata Machinery has reversed from key support and is testing its retest zone. A breakout above ₹470 could trigger a short-term rally toward ₹510, while maintaining a stop-loss below ₹425.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.