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MMTC

MMTC Ltd Poised for Upside After Channel Support at 84Details: Asset: MMTC Limited (MMTC) Support Level: 84 (channel support) Potential Target: To be determined based on breakout confirmation Stop Loss: Below 84 or as per individual risk tolerance Timeframe: Short to medium-term Rationale: MMTC has taken support at the 84 level within its channel, signaling potential for an upward move. If buying interest picks up, the stock could see a rally, provided it sustains above this critical support. Market Analysis: Technical Setup: The stock has respected the channel support at 84, and its price action suggests a reversal or continuation of the upward trend. Sector Context: MMTC, as a key player in trading and minerals, may benefit from favorable commodity trends and market conditions. Price Target: Potential targets will depend on confirmation of the breakout and volume support. Historical resistance levels can serve as benchmarks for initial targets. Risk Management: Place a stop loss below the 84 support level to minimize risk in case of further downside. Timeframe: Short to medium-term, depending on the strength of the bounce and overall market sentiment. Risk-Reward Ratio: Favorable, with a low-risk entry point near support and significant upside potential if the stock breaks out of the channel. Watch for confirmation of upward momentum and ensure to monitor volume and market conditions closely before initiating a position.
NSE:MMTCLong
by CyborgTradingHub
MMTC- Technically visible U-turnMMTC is a company which has one of the worst fundamentals among all PSUs News of company being scrapped were in market couple of months ago. Only investors with high risk appetite and disposable money should be interested in this stock. Technically, a monthly closing above 70 will be confirmation for huge breakout. Previous attempt failed but now we have only 3 sessions so worth the risk for big targets. Good volumes are seen in past 6 months which means something big is cooking, either upside or downside. Be prepared for both if interested to invest. If breakout is genuine, definitely huge upside potential as ATH is above 1000 which is more than 15x of CMP .
NSE:MMTCLong
by chartistamey
2
Weekly Long Setup in Alembic LtdA bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:ALEMBICLTD Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- possible Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:ALEMBICLTDLong
by raigvivek
MMTC | Multiyear Breakout📊 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 📚 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 📈 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. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:MMTCLong
by Munish_Jain
11
Nice weekly long setup in ICILA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:ICIL Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:ICILLong
by raigvivek
weekly bullish patter in BGR EnergyA Inverted Head & Shoulder Chart Pattern Breakout happened on the Weekly Time frame of NSE:BGRENERGY Price Action supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. One can initiate the long trade as per the level mentioned on the chart Stop loss will be on a Daily closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for Educational Purpose only.
NSE:BGRENERGYLong
by raigvivek
2
Bullish Breakout in Gokaldas exportsA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GOKEX Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:GOKEXLong
by raigvivek
1
Weekly Bullish Pattern in Shalby at life highA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:SHALBY Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:SHALBYLong
by raigvivek
Long setup in Mishra Dhatu NigamA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:MIDHANI Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:MIDHANILong
by raigvivek
MMTC Extremely Bullish BreakoutA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:MMTC Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:MMTCLong
by raigvivek
1
Long Setup in AGI Greenpac Ltd.A bullish flag & pole Chart Pattern Breakout on the Daily Time frame of NSE:AGI Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Daily closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:AGILong
by raigvivek
MMTC 10 Year Breakouts1. **Technical Analysis**: - The stock has experienced breakouts on multiple time frames: daily, weekly, and monthly. This is generally considered a positive sign in technical analysis, as it indicates strong upward momentum. 2. **Trading Recommendation**: - The recommendation is to buy NSE:MMTC at around Rs 70. - The target price (TRG) is set at Rs 100-125, which suggests an expectation of significant price appreciation. - A stop-loss is placed at Rs 53.50, which is intended to limit potential losses in case the trade goes against the investor. 3. **News Event**: - The stock's rise is attributed to the Indian government's approval of royalty rates for mining strategic minerals, specifically lithium, niobium, and rare-earth elements. - This approval allows the government to auction blocks for these minerals in India for the first time. - The royalty rates are specified as 3% for lithium and niobium and 1% for rare-earth elements. - Royalty rates are important financial considerations for bidders in the auction of mineral blocks. - India is currently conducting exploration for critical and strategic minerals.
NSE:MMTCLong
by Mr_Huntking
1
MMTC - Weekly Chart AnalysisStock break out of 6 month base. You can see the IV footprints (probable accumulation) in the daily chart. Where volumes started coming in from May 2023. Same is visible on the weekly charts too. Volume contraction while basing and then the rise in volumes. On a daily chart its trading above all its key moving averages and on a weekly it has almost confirmed too. I would like it if it consolidates here for a while and form a small base and then continue its journey further. 64-71 would act as a hinderance for now until the overhead supply is absorbed. Its basing for the past 3 weeks in 22% range on low volumes. 55 shall now act as support while main support is the base break zone 41-44. A weekly close below this shall invalid our whole view. Its the ideal place to initiate a low risk entry (pilot entry) and pyramiding up if it goes with the trend. Next levels it can test is the small resistance zone 130-145 in near future. While 290-360 is the main supply zone for long term . Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:MMTCLong
by marketmoneymohmaya