Buy at 46 sl 42 and hold Disc: it's not an investment advice to buy or sell
Taken support on 55 EMA. Previous Resistance now turned into support. Triangle also closing. Can expect action now.
Buy MMTC with stop below 49 on daily closing basis for target of 90+. Range and Volume contraction are visible. I have taken position in counter. Disc : it's not an investment advice to buy or sell
>only initiate buy position after breakout above the drawn line for some easy bucks
NSE:MMTC entry zone 53-54 SL closing below 51.3 T 57,60,65
It has given Rounding bottom Breakout on multi Time Frame. Increasing in delivery volume also indicating positive movement ahead.ADX indicating strength in movement and RSI is indicating the trend will continue. We can expect a price movement of 62 to 70. Also holding long will reward good. We can expect price movement till 90/94 in the mid-term time frame.
Since the beginning of the latest upmove in MMTC from Nov 2020, the stock has been well supported by a rising trendline on the weekly chart (blue coloured diagonal trendline labelled as "support trendline" on the chart). MMTC made a weekly closing high of 47.1 in early March 2021 and since then, the stock has been sideways to down and has consolidated in the...
CHECK BEFORE INVESTMENT. THIS ANALYSIS IS FOR MY OWN STUDY PURPOSE.
NSE:MMTC Reasons Being: 1. 2.5 Year Long Trendline Breakout 2. Price has fallen significantly but OBV has a different story altogether. 3. Formation of Higher High pattern Target Price: 23 and 36 View Negated Below: 16.75 on Closing Basis #Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor...
MMTC will give a long breakout Above 67.65 it can go to level Upside level- 68.40 Downside safe level- 67