Fundamentally very good stock with very low beta, will not be affected even after market crashes down. This is going to be a multibeggar soon. Just wait and watch for another 3 months.
Target 650 - holding period 3 months
The stock has a multiyear support at 24 which will form the base for the next rally if Nifty is in uptrend if this support is broken the next support will be at 20 levels.
Once can accumulate the stock for long terms and keep adding on dips the stock is in strong uptrend and has good potential owing to its exposure to Patanjali which is doing too good.
i think the stock is turning its trend into positive although a good spike has been seen but after a short profit booking i again see the stock to touch good levels that may surprise !!!!!!
stop loss in such stock is compulsary!!!
MMTC Has Currently made Multiple Top break out and if it crosses 107 and holds strong, It is a classical rounding bottom, and the stock has futuristic growth and possibly reach a target of 500+.
MMTC is tied up with paytm for the supply of gold and other precious metals.
Being a Public sector company, This is the Ultimatum time for MMTC.
Double bottom in monthly charts.
Breach of trend in weekly and daily.
Heavy volume on green days only.
The company just bought back shares last week around 395-400 levels.
are few reasons to long on this counter.
i will also mention - apart from trading, i see potential for investment on this counter too with target of atleast 650.
The company shall be a leader...
1. Stock is trading at All time high, breaks out multi year resistance.
2. Stocks with these kind of break out will generally double in few months.
3. Company had announced its Excellent Q1 numbers recently.
4. This stock is good long term bet.
Note: Please do your own analysis before taking your position. Happy investing.!
Candle pattern: Morning DOJI Star.
Bouncing from Strong Support Level (Zone)
Indicators: Bouncing from OverSOLD Region.
LONG @ 28.90 to @ 27.70
Swing trade levels Plotted on Chart.
ST_TP (Short Term Target Price): plotted on Chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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For investment this stock buy and forget it, we see moving average yet not given confirmation and it might take time to confirm it, before that we see the trend lines, for long term keep watch or buy from current level and if it breaks then add more at 180 range for target 260 above.