- Coming out of the re-accumulation
- Possible range expansion towards 2000-2100 in the short-term
- Possible new ATH by Q4-2023.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Pennant chart pattern observed in MTAR Tech stock.
Breakout levels: Above 1780 - Target around 100 points.
Breakdown Level: Below 1700 - Target around 100 points.
Quarterly results were good so breakout probability is high. NSE:MTARTECH
MTAR Tech made a Head & Shoulder Pattern and done with a Breakout with huge Volume exactly from the Neckline, now it will further continue a upward trend possibly after a retest from the resistance which turned as a support after the breakout. you can hold it for target of 1900-2000 .
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