Subject: MTARTECH Ascending Channel Setup 🚀 | Trend Remains Strong
Chart View: Daily (NSE: MTARTECH)
MTAR Technologies is trading inside a well-defined ascending channel and continues to maintain a bullish structure with higher highs and higher lows. The recent pullback appears healthy and the stock remains above key channel support.
📈 Trade Setup (Swing Trading)
Entry Zone: ₹8,200–₹8,350
Target 1: ₹9,000
Target 2: ₹10,000
Target 3: ₹10,800 (Upper channel resistance)
Stop Loss: ₹7,700 (Daily closing basis)
🔍 TradingView Write-up:
MTARTECH: Bullish Ascending Channel in Play 🚀
MTAR Technologies continues to trade within a rising channel on the daily timeframe. The stock has consistently respected channel support and is maintaining a strong uptrend structure.
After a strong rally, the stock is witnessing a healthy consolidation near the midline of the channel. A move above recent swing highs could trigger the next leg of the uptrend.
Targets: ₹9,000 → ₹10,000 → ₹10,800
Invalidation: Daily close below ₹7,700
As long as the channel support remains intact, the overall trend remains bullish.
My View:
In my analysis, MTARTECH is one of the stronger charts in the industrial and defence-related space. The stock remains in a clear uptrend and current consolidation could act as a launchpad for the next move higher. I remain bullish while the stock trades above channel support.
Disclaimer: This is my personal chart analysis and not a buy/sell recommendation. Please do your own research and manage risk accordingly.
Chart View: Daily (NSE: MTARTECH)
MTAR Technologies is trading inside a well-defined ascending channel and continues to maintain a bullish structure with higher highs and higher lows. The recent pullback appears healthy and the stock remains above key channel support.
📈 Trade Setup (Swing Trading)
Entry Zone: ₹8,200–₹8,350
Target 1: ₹9,000
Target 2: ₹10,000
Target 3: ₹10,800 (Upper channel resistance)
Stop Loss: ₹7,700 (Daily closing basis)
🔍 TradingView Write-up:
MTARTECH: Bullish Ascending Channel in Play 🚀
MTAR Technologies continues to trade within a rising channel on the daily timeframe. The stock has consistently respected channel support and is maintaining a strong uptrend structure.
After a strong rally, the stock is witnessing a healthy consolidation near the midline of the channel. A move above recent swing highs could trigger the next leg of the uptrend.
Targets: ₹9,000 → ₹10,000 → ₹10,800
Invalidation: Daily close below ₹7,700
As long as the channel support remains intact, the overall trend remains bullish.
My View:
In my analysis, MTARTECH is one of the stronger charts in the industrial and defence-related space. The stock remains in a clear uptrend and current consolidation could act as a launchpad for the next move higher. I remain bullish while the stock trades above channel support.
Disclaimer: This is my personal chart analysis and not a buy/sell recommendation. Please do your own research and manage risk accordingly.
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.
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.