📊 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...
"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...
Date : 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...
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...
The 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
#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...
#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...
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
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 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.
