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
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...
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
