Munish_Jain

MMTC | Multiyear Breakout

Long
MMTC (NSE:MMTC)  
NSE:MMTC   MMTC
πŸ“Š DETAILS
Sector: Trading
Mkt Cap: 8,235 cr

MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons.

TTM PE : 47.33 (High PE)
Sector PE : 104.73
Beta : 1.55

πŸ“š INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

42.88% away from 52 week high
Underperformer - MMTC down by -6.02% v/s NIFTY 50 up by 7.89% in last 1 month

πŸ“ˆ FINANCIALS
Piotroski Score of 6/9 indicates Average Financials

Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.

πŸ” More Analysis & Trade Setups πŸ”
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com/u/Munish_Jain/
Comment:
Gave target on log chart by mistake. 119 is first target
Trade active
Trade active
Trade active
Trade active
Comment:
Trail SL to 53
Trade active
Trade closed manually:
Booked profit for now. Will re-enter
Trade active
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.