MMTC: Bouncing back.MMTC: Bouncing back from the very strong support zone. Detailed analysis is on the chart
NSE:MMTC
MMTC trade ideas
MMTC Back at Support level.Taken support on 55 EMA. Previous Resistance now turned into support. Triangle also closing.
Can expect action now.
LongBuy MMTC with stop below 49 on daily closing basis for target of 90+. Range and Volume contraction are visible.
I have taken position in counter.
Disc : it's not an investment advice to buy or sell
MMTC-->solid 30% upside potential after breakout >only initiate buy position after breakout above the drawn line for some easy bucks
MMTC BLASTING AHEAD IN GLORY!!Text Book Pattern- Inverted Head & Shoulders!
Huge volume supported accumulation in lower levels succeeded by upper circuit. Breakout followed by retest of neck line.
Straight meaningful resistance in the zone of 60-68. Beyond which It doesn't have any resistance before 134.
#charts are not recommendations but for education purpose only. Please use your own judgement before buying.
Khara Sona h yeMMTC is looking superbly good as it's going to break the bottleneck of the last 7 years in the upcoming few days. It's in the breakout range and once the levels of Rs. 80 are crossed the targets are yours.
MMTC Explanation of Trade Set Support & ResistanceHow to find targets in any stock ?
We all know that every stock is unique and
it moves in certain style/direction/traits
Targets are found via Support Resistance in any stock which has a historical data
For e.g. what will happen if price is at ATH and no resistance for its target SKY is the Limit refer Adani Ent Chart
An deep understanding of Support & Resistance
MMTCAfter a flag and pole breakout, a resistance breakout can also be seen. The opening price looks good for intraday pick. Keep track of it.
