3 Potential swing trading ideas for 9 jan I make educational content videos for swing / positional trading
MMTC trade ideas
MMTC Ltd Poised for Upside After Channel Support at 84Details:
Asset: MMTC Limited (MMTC)
Support Level: 84 (channel support)
Potential Target: To be determined based on breakout confirmation
Stop Loss: Below 84 or as per individual risk tolerance
Timeframe: Short to medium-term
Rationale: MMTC has taken support at the 84 level within its channel, signaling potential for an upward move. If buying interest picks up, the stock could see a rally, provided it sustains above this critical support.
Market Analysis:
Technical Setup: The stock has respected the channel support at 84, and its price action suggests a reversal or continuation of the upward trend.
Sector Context: MMTC, as a key player in trading and minerals, may benefit from favorable commodity trends and market conditions.
Price Target:
Potential targets will depend on confirmation of the breakout and volume support. Historical resistance levels can serve as benchmarks for initial targets.
Risk Management:
Place a stop loss below the 84 support level to minimize risk in case of further downside.
Timeframe:
Short to medium-term, depending on the strength of the bounce and overall market sentiment.
Risk-Reward Ratio:
Favorable, with a low-risk entry point near support and significant upside potential if the stock breaks out of the channel.
Watch for confirmation of upward momentum and ensure to monitor volume and market conditions closely before initiating a position.
Long term accumulation 80-90 is the range for MMTC to take support, we can add more quantity here.
Reason: 0.618 support of fibo + 200 EMA support and RSI would be around 30
MMTCMMTC is bullish stock, and now its is in correction so lets see from where it returns for the tgt of 130
MMTCMMTC Buy Zone Target and SL marked.
Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
MMTC Weekly time frame Analysis CMP 55 buy for target 68-80-90MMTC Weekly time frame Analysis CMP 55
buy for target 68-80-90-110-125-150-190-240-290-350+
Time duration 3-4 years
MMTC Weekly Breakout with Good VolumesMMTC after consolidation of more than 10 years, Now giving breakout of its neckline near 90. Wait for a pull back or accumulate from 100-120 for the Targets of 200/300/400. Stop Loss is 65.
Very Long Term Analysis of MMTCHello Everyone,
Here is my Very long-term Analysis of MMTC. As per analysis, I am bullish for the stock as we are in the C wave. The timeframe is 6Months and soon the target is going to be hit.
MMTC- Technically visible U-turnMMTC is a company which has one of the worst fundamentals among all PSUs
News of company being scrapped were in market couple of months ago.
Only investors with high risk appetite and disposable money should be interested in this stock.
Technically, a monthly closing above 70 will be confirmation for huge breakout. Previous attempt failed but now we have only 3 sessions so worth the risk for big targets.
Good volumes are seen in past 6 months which means something big is cooking, either upside or downside. Be prepared for both if interested to invest.
If breakout is genuine, definitely huge upside potential as ATH is above 1000 which is more than 15x of CMP .
MMTC - Swing Trade Analysis - 4th July #stocksMMTC (1D TF) - Swing Trade Analysis given on 4th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - Done ✓
* Disclaimer
MMTC looks like good for multi bagger13773 Crore Market cap
PSU company
Stock PE @ 91.3
ROCE:9.18%
Company has reduced debt.
ur views plz
MMTC LOOKS STRONG RE-TESTI can clearly see the upmove in this stock re-test .
Buy and hold as per your risk
This is my view its not any type of recommendation
MMTC, DTL BO MMTC making HLs about to test DTL (Down Trend Line)
-VCP in action
-Sellers flushing out
-Check its prior moves, it moves with great momentum
MMTC CUP & HANDLE PATTERN. WAIT FOR BREAKOUT.MMTC had given a breakout on monthly basis in January 2024 and now we are seeing the pull back and retest.
Coming to a lower TF like daily or hourly we can see that it has been moving in a Parallel Channel from Aug 2023 consistantly making Higher Lows and Higher Highs.
Taking 1 HR. Time frame we can see that it is making a Cup and Handle pattern. We have yo wait for breakout on the upside, get a confirmation of making a higher low,high and can invest.
1st Target would be the latest High 101. 2nd Target would be the upper trendline of the Channel.
MMTC LTD Analyasis on 7 Jan 24MMTC LTD Analyasis on 7 Jan 24
formation of Cup & Handle pattern
Stoploss 48 (on closing basis)
40 (Deep stoploss)
target 80-90-98
MMTC - Multi Year Break OUT Break out with Decent Volume
CMP 78
Buy now & add on dips till 70
SL CLB 66/60
Target 105-125-140
Dont forget to Like & Boost the Idea
For more info - Plz visit my profile
Regards,
Naresh G
SEBI Reg.RA
MMTC | Multiyear Breakout📊 DETAILS
Sector: Trading
Mkt Cap: 8,235 cr
MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons.
TTM PE : 47.33 (High PE)
Sector PE : 104.73
Beta : 1.55
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
42.88% away from 52 week high
Underperformer - MMTC down by -6.02% v/s NIFTY 50 up by 7.89% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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10 year resistance breakout *for educational purpose only.
MMTC breaking out of 10 year old resistance with momentum.
RSI is showing strength on monthly chart.
