head&shoulder pattern "mmtc"Long term technical analysis of mmtc share , head and shoulder pattern formed in monthly chart upside potential of 400% duration 1 to 2 year
MMTC trade ideas
BUY TODAY SELL TOMORROW for 5%
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in MMTC
BUY TODAY SELL TOMORROW for 5%
MMTCMMTC:- The stock is going to give breakout almost after 10 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
MMTC's Chart: Breakout, Volume BuildupIn this analysis, we will explore the chart of MMTC, focusing on the breakout of the falling trendline, the volume buildup, and the stock's current positioning above horizontal support. By examining these technical factors, we aim to provide insights into the stock's current situation and a potential trading opportunity. Let's proceed with the analysis.
Chart Analysis:
Upon reviewing the provided TradingView chart for MMTC, we can identify several key technical factors that may impact the stock's future price action.
Breakout of Falling Trendline:
The chart indicates that MMTC has experienced a breakout of the falling trendline. This breakout suggests a potential shift in the stock's trend from bearish to bullish. A breakout from a significant trendline is considered a bullish signal and may attract further buying interest.
Good Volume Buildup:
During the breakout phase, it is essential to observe the volume buildup. A good volume buildup signifies increasing interest in the stock, which may lead to a significant move once the breakout is confirmed. The positive volume buildup supports the potential for a substantial price movement in MMTC.
Breakout - Retest - Sustaining on Horizontal Support:
After the breakout, it is common for the stock to retest the breakout level, which now acts as support. The fact that MMTC is sustaining above the horizontal support after the retest is another positive signal, indicating potential strength in the current uptrend.
Trading Opportunity and Targets:
Based on the analysis, a potential buying opportunity arises with MMTC's breakout of the falling trendline, good volume buildup, and sustenance above horizontal support. Traders may consider initiating a long position above 36, with a stop loss set at 32 to manage potential risks.
In terms of the target, the breakout suggests the potential for further upside movement. A target of 43 can be considered, taking into account the breakout's potential and the stock's current momentum.
Conclusion:
Based on the technical analysis, MMTC's chart indicates a breakout of the falling trendline, good volume buildup, and sustenance above horizontal support. These factors suggest a potential bullish outlook for the stock.
Traders and investors should carefully assess their risk tolerance and consider implementing appropriate risk management strategies. As always, it is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
Disclaimer: The information provided in this analysis is for educational purposes only and should not be considered as financial advice. Trading stocks involves risks, and past performance is not indicative of future results. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
Long Another cup breakout stock ... breakout with good volume soon
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Only for educational purposes
BANK NIFTY📊 MMTC Ltd.
1 - Falling Wedge Breakout ✔️
2 - Round Bottom Formation Seen
3 - Good Volume Buildup
4 - Breakout - Retest - Sustaining ✔️
📌 Accumulate abv 33
📌 Target - 43 or 26%
📌 LT Target - 64 or 89%
📌 Stop - Weekly Closing Below 32
⭐️ Potential Upside Stock!
MMTC Analysis Stock has given BO on daily chart with good volume spike, keep in watch list with level marked for entry and exit.
Expecting an upraisePlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
MMTC - Clear BreakoutBreakout with inverse head & shoulder.
Entry - Above 44.85
Target 1- 49.10
Target 2 - 55.50
SL - 40.35
MMTC Daily looking bullishMMTC daily has Inverted head n shoulder breakout with 200 ema support on daily candle.
Good to buy at 44.70 for target of 59 and sl below 40
MMTC - Double digit stock + Trendline Breakout 📊 Script: MMTC (MMTC LTD)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Services
📊 Industry: Commercial Services & Supplies
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script has given Trendline Breakout.
📈 Current RSI is around 69.
📈 MMTC Consolidation near the breakout region.
📈 Rejection 3-4 times and then breakout.
📈 Green volume spikes in volume.
📈 Showing momentum in weak market.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 44.10
🟢 Target 🎯🏆 - 50
⚠️ Stoploss ☠️🚫 - 41
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
MMTC,finally ready to fly after consolidationHello traders,
MMTC has been in very good momentum since past 2 days,
looks good for swing.
details mentioned in the chart.
don't forget to like and share. it motivates me to post more super setups like this.
below setups in related ideas are those which we caught move as big as 120%.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
#MMTCCrossing below 37.8 the IZ Next Retest Level is 37
And then 34.50 due to shunting effect
Creating a compression at the current levels and the move shall be quick
Crossing 41.8 moves to 45
#MMTCCrossing below 37.8 the IZ Next Retest Level is 37
And then 34.50 due to shunting effect
Creating a compression at the current levels and the move shall be quick
MMTC -- ON RADAR MMTC --keep on RADAR..for BUY list ..at correction around 46-47 level current CMP 48.50 .. Stock made high recently 64 sub level after that sharp correction upto 48 level now.. stock has strong support around 45-47 level ..before 3 times bounce back seen on chart at same level ..3 up arrow indicate on chart this level.
RSI showing in range of oversold level bellow 30 RSI can move where price correction comes to buy level 46-47 . for at next bounce from this level TARGET 50-52-55 can seen on this rally upward for stop loss 45
support and resistance explain on chart this setup apply for hourly chart so be watchful on same time frame
THIS IDEA IS FOR EDUCATIONAL PURPOSE. !! trade at own risk. !
HAPPY TRADING. ! .
MMTC low risk high return RRR 1:2Break out at 53 then go to 64 high now on retest level again may to 60 rupees good RRR
Question on MMTCQuestion on MMTC
Stock is in good resistance zone but trending with Momentum.
Buy above 53
Sl 48
May reach 62 and then more.
MMTC Positional View !!MMTC : cmp : 57.25
A ascending scallops kind of pattern has been formed in daily chart with small gaps.
As well as same pattern formed in volume chart also.
after that small correction happened.
now it is in good accumulation zone or may be some dips.
Accumulation Zone : 54 - 57.5
Profit booking Zone may be : 72 -76
Sl 48 /According to your risk appetite.
Time horizon : 7 - 180 days.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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