Volumes have dried on long term chart viewStock has in been downtrend with healthy correction.
Candles are big however the volumes are low.
Disclaimer: View for Education only, not to be taken as trading or investment advice.
MTARTECH
MACD Crossover - MTARTECH📊 Script: MTARTECH
📊 Sector: Aerospace & Defense
📊 Industry: Engineering
Key highlights: 💡⚡
📈 Script is trading at middle band of BB.
📈 MACD is giving crossover.
📈 Script may fill the gap.
📈 Right now RSI is around 50.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1911
🟢 Target 🎯🏆 - 2071
⚠️ Stoploss ☠️🚫 - 1828
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
SHORT TERM SWING OPPORTUNITY IN MTAR TECHNOLOGIES LTD."MTAR TECHNOLOGIES LTD" is about to change it's weekly structure with a trendline support valid since 2021. Confirmation is above 2200 on closing basis. If the trade goes as planned, it is going to give a return of almost15% which is good. Stop loss will be planned once entry is activated. Target is calculated using the XABCD Pattern of Harmonics. Profit should be booked between 2500 and 2543 as it happens to be the PRZ area of the XABCD Pattern. Above 2600, it is going to test it's ATH again.
MTAR Technologies Ltd - Breakout OpportunityDate : 21-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 2,110.35
Targets: (1) Rs. 2,320 --> (2) Rs. 2,475 --> (2) Rs. 2,563
SL : Rs. 1,910 on daily close basis
Technical View:
• NSE:MTARTECH was moving in its primary downtrend since Sep-2023.
• After touching the lifetime high of 2,920 on 11-Sep-2023, it has retraced 43% to 1,661 level.
• On 21-May-2024, NSE:MTARTECH has broke out from its primary down trend with higher than average volume.
• Since 17-May-2024, NSE:MTARTECH is trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 75.36 and MACD is trading at 38.04.
• Both RSI and MACD is showing positive divergence on daily timeframe indicating a trend reversal.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Double Moving Averages Crossover Swing Trade📊 Script: RAILTEL
📊 Sector: Telecomm-Service
📊 Industry: Telecommunications - Service Provider
⏱️ C.M.P 📑💰- 433
🟢 Target 🎯🏆 - 475
⚠️ Stoploss ☠️🚫 - 415
📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
⏱️ C.M.P 📑💰- 174
🟢 Target 🎯🏆 - 183
⚠️ Stoploss ☠️🚫 - 170
📊 Script: SUZLON
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Electric Equipment
⏱️ C.M.P 📑💰- 44
🟢 Target 🎯🏆 - 48
⚠️ Stoploss ☠️🚫 - 42
📊 Script: ADANIPORTS
📊 Sector: Marine Port & Services
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 1385
🟢 Target 🎯🏆 - 1454
⚠️ Stoploss ☠️🚫 - 1361
📊 Script: MTARTECH
📊 Sector: Aerospace & Defense
📊 Industry: Engineering
⏱️ C.M.P 📑💰- 2110
🟢 Target 🎯🏆 - 2231
⚠️ Stoploss ☠️🚫 - 2046
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
MTARTech-A beautiful channel consolidation!MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation.
Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc.
Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment purposes as well.
Disclaimer:This is not a recommendation and this is my personal analysis and opinion about stock.
MTARTECH Perfect Price Action SetThe MTARTECH is the perfect price action set-up in the current location, this is [erfect example of the Price action brackout and than Pull-back now your can this is Good risk rewad set-up.
I am bullish on this share at current price action
Trade-50/100-MTARTEC-R:R Experiment-BuyBuying MTAR TECHNOLOGIES in DAILY positional trade
Good structure making HH-HL.
MTAR Technologies Ltd - Long Setup, Move is ON...#MTARTECH trading above Resistance of 2563
Next Resistance is at 3615
Support is at 1912
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support 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.
MTAR Technologies Ltd - Long Setup, Move is ON...#MTARTECH trading above Resistance of 2198
Next Resistance is at 2563
Support is at 1711
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support 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.
MTAR TECH – Strong Bullish BreakoutKey Points:
- Breakout from very Long period consolidation zone
- RSI > 70 and Crossed RSI MA
- All EMA crossed and good potential of up-move
- Resistance Level breakout
- Portfolio component
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
MTAR Tech - Seems ready to move higherKey Highlights:
- 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.
MTARTECHMTARTECH:- Cup and handle pattern has formed, plan something only after proper breakout, till then keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Diamond PatternDiamond pattern is considered to be reversal pattern.
However, from EW perspective, Diamond pattern normally occurs in wave B and therefore, their position will define whether it is a reversal or continuation pattern.
In the current set-up, since the long term picture is bullish, we are inclined towards considering the diamond pattern as reversal pattern for targets of near to 1400.
Let us see how this develops.
Mtar Technologies breakoutMtar Technologies gave a breakout with huge volume in the last 9 months. It can be a good buy if sustain above 1750.
MTARTECH good to add in watchlist NSE:MTARTECH
Good to keep watch
Always respect SL & position sizing
Trade Secrets By Pratik
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research
MTAR consloidation Breakout done
*MTAR pop out from a good consolidation after couple of weeks
*Breakout with huge volume candle
*candle size is huge so the problem is where to enter and put SL?
1. if next day forms a red candle , retrace towards 1680-1700, take entry and keep SL below the engulf candle
2. if not happen, SL will be huge that is 9%
3. one should avoid entry if 9% SL is not manageable. should wait for retrace back
MTARTECH_Long!!So, what do you guys think of this chart?
the time frame which I have chosen is weekly/monthly.
On weekly, it has broken major resistance for me it's a buy sign having SL as the latest swing low.
MTAR Technologies - Good for Short and Long Term. Stage Analysis - Suggest a Buy for MTARTECH.
Stage Analysis
Background
Stage Analysis is a strategy for longer term trend trading. It was discussed in detail by Stan Weinstein in the book Secrets for Profiting in Bull and Bear Markets. Stage Analysis uses chart patterns to describe four distinct stages that a particular trade can be in. The stage, and transitions between stages, have specific guidelines for whether a trader should buy, sell, or hold the trade. This creates a simple strategy to follow when trading the market. Stage Analysis helps traders identify and stay invested in long term trends in the market.
Key Components Of Stage Analysis
Weekly Stock Chart – Weekly charts are used in Stage Analysis since the system is designed to be for longer term trading, from weeks to months to years at a time. Stage Analysis is definitely not a system for day trading.
30-Week Moving Average – The price action on the weekly chart is compared in relation to the 30-week moving average in order to determine the specific stage in Stage Analysis. Whether the weekly price and the 30-week moving average are trending higher, lower, or sideways determines the specific stage.
MTAR Technologies - Good for Short and Long Term. As on 2nd Dec 2022 MTARTECH SHARE Price closed @ 1737.80 and we RECOMMEND Buy for LONG-TERM with Stoploss of 1658. Short Term Target-1: 1827 and Target-2: 2028
Long Term Target: 2580.
India's defence sector is booming and this stock is coming our from a good consolidation. This is analysis is based on Elliot Wave Theory.
Bullish View MTARTECHDisclaimer: Take advice from your Financial Advisor before taking trade. This idea shared just for educational purposes only. We do not take any responsibility if you are taking trades based on shared analysis or chart. This is just an idea.
Buying Method (Follow Risk Management) - Keep accumulating till 1615 Rs .
Take Stop - 1565 Rs . (Exit from Trade)
First Take Profit - 1745 (Exit Half Quantity)
Second Take Profit - 1809 (Exit Full Quantity)
