Key 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...
Key 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.
MTARTECH:- 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...
Diamond 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...
NSE:MTARTECH
Good to keep watch
Always respect SL & position sizing
Trade Secrets By Pratik
Disclaimer
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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 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%
...
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.
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...
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.
Disclaimer: 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...
MTAR TECH
Cmp - 1636
ATH- 2563, 03 Jan 22
Recent Low- 1205
Investment Decision Points-
Elliot suggests fresh wave in progress
200 DMA BO possible soon
Decision- Can enter with 50 percent of intended position size
Upper pyramiding post 200 DMA BO and ATH BO
Protective SL- 1550
MTARTECH has started bearish parallel channel past few days.
it's near virgin price if that may be able to bring mild bounce which may later turned out to be better. otherwise more bear will be welcomed
Seems MTARTECH is forming a Head and shoulder pattern, which is a bearish pattern. If the price closes below 2000, with good volume, then it can go further to 1700 and 1500 levels. However, if the price bounces back at 2000 levels, the pattern becomes invalid. So keep a look at this for a trade opportunity.
Cheers! This is as per my Analysis. Feel free to share...
MTAR gave a good breakout from a crucial level of 2395
It completed its retest today and bounced back exactly from the same level.
A breakout and retracement pattern can be seen.
Can add at this point for good returns
Partial booking when price touches the black trendline.
Full booking @2750 (Fibonacci level)
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Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
