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.
MTARTECH
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)
MTAR TECH 200 DMA BO PossibileMTAR 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
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 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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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
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
- We are not SEBI registered
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.
