MTARTECH trade ideas
MTARTECH triangle setting upClean triangle setting up. Q4 Results already declared. So if it breaks out it should be a good move.
Buy above 1935
S/L: -5%
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
MTAR Technologies - Long Daily ChartsTrying to Breakout above 1820.
Gapfill at 1900
Target 2 - 1971
Daily Charts
Holding 3-4 Sessions
MTAR consolidation on Daily Chartit is consolidating after rallying 30% in the narrow range of 4% from top. hope this will continue till the result date which is due by this month end.
it looks like flag formation on weekly chart as well.
let the volume dry-up. and watchout for breakout volumes.
MTARTECH - #intraday Chart Analysis || 12th May,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 12th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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MTAR TECH – Strong Bullish BreakoutKey Points:
- Breakout from very Long period consolidation zone
- RSI > 70 and Crossed RSI MA
- All EMA crossed and good potential of up-move
- Resistance Level breakout
- Portfolio component
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
MTAR Tech - Seems ready to move higherKey Highlights:
- Coming out of the re-accumulation
- Possible range expansion towards 2000-2100 in the short-term
- Possible new ATH by Q4-2023.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
MTAR Looking for a breakout in Pennant chart patternPennant chart pattern observed in MTAR Tech stock.
Breakout levels: Above 1780 - Target around 100 points.
Breakdown Level: Below 1700 - Target around 100 points.
Quarterly results were good so breakout probability is high. NSE:MTARTECH
MTARTECHMTARTECH:- Cup and handle pattern has formed, plan something only after proper breakout, till then keep an eye
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.
Diamond PatternDiamond 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 targets of near to 1400.
Let us see how this develops.
MTAR Technologies Ltd. is good for Long Term Investment.MTAR Technologies Ltd. is in the business of manufacturing of various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries. As per Elliott Wave Analysis on weekly chart waves 1 & 2 are completed. Wave 2 is retraced more than 61.8% of wave 1 & shows simple Zigzag correction. Wave 3 is about to start & this is the good time to invest in this company to capture 3rd wave. Good byuing zone is from 1437/- to 1572/- or conservative investors should start byuing above 1800/-. As per Elliott Wave Theory, wave 3 targets should be 2908/-, 3308/- & 3947/-.
MTAR TECH PREPARING TO RAISE ?From 2022 August trading in range between 1520 to 1720 ............. 1720/1820 acting as strong resistance ,once passes these prices, then next resistance is 2150 plus all time high.........also it is long term share with good business and with good fundamentals. (small cap one , trade as per risk involved)
Mtar Technologies breakoutMtar Technologies gave a breakout with huge volume in the last 9 months. It can be a good buy if sustain above 1750.
MTARTECH good to add in watchlist NSE:MTARTECH
Good to keep watch
Always respect SL & position sizing
Trade Secrets By Pratik
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research
MTAR consloidation Breakout done
*MTAR pop out from a good consolidation after couple of weeks
*Breakout with huge volume candle
*candle size is huge so the problem is where to enter and put SL?
1. if next day forms a red candle , retrace towards 1680-1700, take entry and keep SL below the engulf candle
2. if not happen, SL will be huge that is 9%
3. one should avoid entry if 9% SL is not manageable. should wait for retrace back
MTARTECH_Long!!So, what do you guys think of this chart?
the time frame which I have chosen is weekly/monthly.
On weekly, it has broken major resistance for me it's a buy sign having SL as the latest swing low.
MTAR Technologies - Good for Short and Long Term. Stage Analysis - Suggest a Buy for MTARTECH.
Stage Analysis
Background
Stage Analysis is a strategy for longer term trend trading. It was discussed in detail by Stan Weinstein in the book Secrets for Profiting in Bull and Bear Markets. Stage Analysis uses chart patterns to describe four distinct stages that a particular trade can be in. The stage, and transitions between stages, have specific guidelines for whether a trader should buy, sell, or hold the trade. This creates a simple strategy to follow when trading the market. Stage Analysis helps traders identify and stay invested in long term trends in the market.
Key Components Of Stage Analysis
Weekly Stock Chart – Weekly charts are used in Stage Analysis since the system is designed to be for longer term trading, from weeks to months to years at a time. Stage Analysis is definitely not a system for day trading.
30-Week Moving Average – The price action on the weekly chart is compared in relation to the 30-week moving average in order to determine the specific stage in Stage Analysis. Whether the weekly price and the 30-week moving average are trending higher, lower, or sideways determines the specific stage.
MTAR Technologies - Good for Short and Long Term. As on 2nd Dec 2022 MTARTECH SHARE Price closed @ 1737.80 and we RECOMMEND Buy for LONG-TERM with Stoploss of 1658. Short Term Target-1: 1827 and Target-2: 2028
Long Term Target: 2580.
India's defence sector is booming and this stock is coming our from a good consolidation. This is analysis is based on Elliot Wave Theory.
Strong Breakout from Consolidation of 5 MonthsFollowing points are to be kept in mind
1. Breakout of 5 Months consolidation
2. Volume spurt
Only for learning not a recommendation
MTAR box breakoutit has broken out from rectangle range with good volume.
prior to this has a run up of 40% from bottom.
11% upside visible from breakout level.
