Scrip 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...
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...
AS MENTIONED IN THE CHART
EDUCATIONAL PURPOSE
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CHART -> MSTC Limited WEEKLY SETUP
As seen per charts, there is a support trendline, at which one can buy with a stop loss of that support line. Until we not get a confirmation break down of the support trendline on weekly basis, one can trail.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please...
After 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...
Loosing the bull traction...
Levels Marked..
Strategy..... if Weekly doesn't cross the bullish level... then u will get a much better price to enter
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Stock 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...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MSTCLTD
MSTC 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...
