MTARTECHMTARTECH 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
MTARTECH
MTARTECH is forming Head and Shoulders?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 your view about this. Please do your analysis before trading/Investing.
Happy Trading
Mtar technologiesMTAR Technologies is in the business of spare parts for energy, nuclear, space, aerospace and defence.
MTAR TECHNOLOGIES LONGMTAR 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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MTAR TECHNote:
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...
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MTARTECH breakout with good volumeLearning is Earning
1. Channel breakout on the chart
2. Support of 21 MA
3. If price take support at rising MA before breaking the resistance the probability of breakout is high
Breakout in a great fundamental stockCMP Rs. 1613
SL Rs. 1565
Target 1 - Rs. 1645-95
Target 2 - Rs. 1745
AN INVESTMENT IDEA FOR LONG TERM
- View expressed are of personal in nature. consult your financial advisor before taking any decision of investment
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MTAR TechnologiesCMP: 1613.25
Cup & Handle already B/O given. Trendline tested after that.
Volume increasing
Tgt-1: 1751
(Short-term)
Tgt-2: 1891.1
(Medium-term)
Tgt-3: 2117.55
(Long-term)
Counted among top suppliers for catering to precision engineering requirements of Indian Defense, Nuclear, and Space sectors.
So, one of the good technological stocks to invest in.
MTRATECH | Daily | Breakout1)Good Price-Volume action.
2)Broke-out today after few months of consolidation.
3)Breakout supported with good number of volumes.
4)Momentum indicators all in strength.
Update on MTAR Tech. Aiming 50% !NSE:MTARTECH has given the awaited breakout and the retest as well.
This idea is an Update on previous one(providing link to it below).
All Support & Resistance, Channels, Risk to Reward and Intended Target is mentioned on the Chart.
MTAR TECH- on the verge of breaking out of consolidationmtar tech- Cmp 1461. close abv 1480 will complete Cup and handle formation for tgts 1480+(1480-1160)=1800.
Since ADX is not high on daily charts, better allocate 50% positions on trigger level and remaining positions if closing abv 1570(ATH).
keeping SL at 20SMA dcb. Also chk volumes when there is a bollinger blast
MTAR Technologies - Flip level + Inverse Head & ShouldersKey Highlights:
1. Bullish market structure
2. Trendline breakout
3. Volume expansion
4. Rebounded from the demand zone
5. Inverse Head & Shoulder formation
6. Just above the flip level
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
