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MSTCLTD

MSTCLTD is ready for big MoveHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Pole & Flag pattern in Daily TF. * From Jan 2024 to July 2024 tested resistance many times. * It's Near resistance Zone and trying to sustain above Resistance Zone with good volume. * If resistance zone is Sustained then we can see a good move to 1138. * Volume Accumulation (Volume is Showing Strength). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:MSTCLTDLong
by ChartSight
4
Medium Term Swing Trading Idea in MSTC for huge UpsideHi, NSE:MSTCLTD has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:MSTCLTDLong
by raigvivek
MSTC Limited Weekly reversal BreakoutScrip had made it all-time high in October 2021. After that company has shown growth in net profit continuously year on year. Current PE is 11.3. 2020 - 97 Cr., 2021 – 113 Cr., 2022 – 199 Cr., 2023 – 242 Cr. On 14.07.2023, it has given break out on weekly closing basis from major resistance of 2021. From the current price it has the potential to give a return of 38% till its all-time high and if it gives a break out then 120%. -: About Company :- ================ MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. The company is owned and controlled by the Government of India. During the 2022-23, the Company crossed INR 3015.90 bn in terms of value of goods transacted through its marketing and e-commerce verticals which is 120.00% increase over the value of goods traded in 2021-22. Key Highlights ============ Circular Economy / ELV Auction Portal - MMRPL(JV of MSTC with Mahindra Intertrade Ltd) has set up six RVSFs at Noida, Chennai, Pune, Indore, Ahmedabad & Hyderabad, which are operational. One plant at Guwahati has got RVSF approval, another plant at Bangalore is under advance stage of approval. MSTC launched ELV portal for disposal of ‘End-Of-Life’ Vehicles for Central and State Govt. The services have now been extended for individual ELV owners also. In the FY 2223, 2084 ELVs of various Central/State Govt. have been sold. Spectrum Auction - MSTC Limited has successfully conducted Spectrum 4G/5G auction. Department of Telecom (DoT) earned record revenue of 1,50,173.29 Crore for Govt. of India from this auction Apart from it, they of auctioned various coal mine blocks, mineral blocks. Bank NPAs sold from its platform. Transfer of technology auction etc. I kindly request your valuable feedback on the accuracy and validity of my learning and research. Furthermore, I would greatly appreciate any suggestions on areas where I can enhance my skills and knowledge. DISCLAIMER: The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events. I am not a registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions. Investing in the stock market is subject to market conditions and any unforeseen events. Also involves risk and can result in both profit and loss. You should be aware of the risks involved in investing in the stock market before making any investment decisions. Please note that any investment decision you make based on the information provided by me is at your own risk, I will not be held responsible for any of your losses or damages, financial or otherwise, resulting from your investment decisions.
NSE:MSTCLTDLong
by StockEye_Club
MSTC Looking Good to go LONG ??!!!Chart insist me to go with the above titled opinion.... Reasons : 1. Stock has been respecting the expanding triangular pattern . 2. MSTC has given BREAKOUT with extra ordinary volume on 28th November. 3. Respecting the DOW theory and has formed HIGHER LOW and then BREAKOUT. 4. REVERSAL from perfect trendline Support . Target and SL mentioned in chart... High risky SL can day candle closing below the green bottom trendline. Ever since the Breakout , its been in tight consolidation and retracement....RIGHT TIME FOR ENTRY!!! Let's see how its going to move!!! Note- Just Sharing my view...not a tip nor advice !!!!
NSE:MSTCLTDLong
by mmjimm
MSTC near DEMAND/SUPPORT ZONEAfter a big fall of nearly 130 points, MSTC is currently trading at/near Demand zone, we can also call it as support zone. Previously the same zone acted as a Résistance/Supply zone, which is indicated by red arrows, seen a strong rejection from upper level. After being in a channel for long time A strong Candle closing with huge volume can be seen in weekly chart. In bearish market we can see the price has respected the demand/support zone very beautifully and sustained over the important zone. In weekly timeframe we can see MORNING STAR Candlestick Formation on the Demand/Support zone which indicates the strong bullish Reversal after a downfall. Can go long for the given Targets of level 400 and 470 in midterm like 10-12 weeks. Go long with the Strict Stop-Loss of Level 320 (candle closing below basis). ABOVE POSITION/ENTRY/VIEW IS SUGGESTED ON THE BASIS OF DEMAND AND SUPPLY ZONE OR SUPPORT AND RESISTANCE ZONE. TAKE THIS STUDY AS A EDUCATIONAL PURPOSE, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE. THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
MLong
by Ankushkokane
MSTC - LongStock has been in consolidation mode after really good up move since it's inception. 340 seems to be a very important level and we can see volumes getting squeezed on weekly charts. And whenever it touches 340, it takes a U-turn towards 250-260 support zone but this time around stock took support at 300 levels and now huge volumes can be seen on Daily Charts. Once crossed 340, immediate targets would be 400, but one can also look for a much bigger target in this scrip.
MLong
by hitesh1bhutani
MSTCLTD got a Trigger | CHART#16MSTC Ltd. engages in the export of scrap. It operates through the following segments: E-commerce and Trading. The E-commerce segment offers e-auction or e-sale, e-procurement services and development of customized software or solutions. On February 1, 2021, Finance Minister Nirmala Sitharaman stated in her annual budget speech, “the government will announce a voluntary vehicle scrapping policy to phase out old and unfit vehicles.” She added, the move will help in encouraging fuel-efficient, environment-friendly vehicles, thereby reducing vehicular pollution and oil_import cost. On March 18, 2021, Nitin Gadkari, Minister for Road Transport & Highways, introduced the much-awaited vehicle scrappage scheme in the LokSabha. According to the new policy, commercial vehicles of >15 years and passenger vehicles of >20 years will have to be mandatorily scrapped if they do not pass the fitness and emission tests. *Stock Analysis* The Scrappage policy news announced during union budget made a rally in the stock to rise to 400 levels. But the price is seen cooled off afterwards forming a triangle pattern consolidating to 250 range waiting for a trigger to move up. The Trigger for the new move is listed in Notes. *Important Levels to Watch* --Entry @ above 272 --Target @ 315 --SL @ 230 Notes : 1. INDIA’S MSTC MARCH-QUARTER CONSOL PROFIT 758.3 MILLION RUPEES VERSUS PROFIT 47.1 MILLION RUPEES YEAR AGO (Source : Reuters) 2. MSTC MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.11 BILLION RUPEES VERSUS 1.94 BILLION RUPEES YEAR AGO (Source : Reuters) ▢ Feel free to suggest your view on this as learning is earning here. ▢ Drop a follow here😉 @GokulHari Good Luck Investors❗ -- GokulHari ❗❗ Disclosure : I am not a SEBI registered analyst. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor or do your own analysis before taking any decision ❗❗
NSE:MSTCLTDLong
by GokulHari