MTARTECH trade ideas
MTAR | Chart Analysis |The chart is simple in understanding and considered following key points.
| Support & Resistance | Volume | EMA | Multiple Time Frame |
Thanks
- AJ
Bullish View MTARTECHDisclaimer: Take advice from your Financial Advisor before taking trade. This idea shared just for educational purposes only. We do not take any responsibility if you are taking trades based on shared analysis or chart. This is just an idea.
Buying Method (Follow Risk Management) - Keep accumulating till 1615 Rs .
Take Stop - 1565 Rs . (Exit from Trade)
First Take Profit - 1745 (Exit Half Quantity)
Second Take Profit - 1809 (Exit Full Quantity)
MTAR TECH 200 DMA BO PossibileMTAR TECH
Cmp - 1636
ATH- 2563, 03 Jan 22
Recent Low- 1205
Investment Decision Points-
Elliot suggests fresh wave in progress
200 DMA BO possible soon
Decision- Can enter with 50 percent of intended position size
Upper pyramiding post 200 DMA BO and ATH BO
Protective SL- 1550
Strong Bullish Candle In Monthly ChartSmallcap : With a market cap of ₹4802cr. Stock is ranked 518.
P/E ratio 62.90 P/B ratio 7.37 ROE 13.13% ROCE 19.21% ROA 9.88%
Debt to equity ratio 0.04 EV/EBITDA.
Target 2400 Prefer to long.
MTar Teck - Breakout viewMtarTech :
Good breakout
Looks ready for another quick 5 percent upmove
Support at 1540 and 1515
buy trade in MTAR technologies MTAR has just formed marubozu candle, which is confirmed by inside candle pattern....this happened in 1 day time frame ... to reduce our stoploss and risk to reward ...we will go to 1H time frame ....
ENTRY : 1561
TARGET : 2182
STOPLOSS : 1430
RISK TO REWARD : 1:4.56
MTARTECH#MTARTECH After 7 months of down trend, it has started moving up with good committed buying coming in.
MTAR BullishWedge Pattern breakout in Weekly. Hopefully at the good support level. Any close and sustaining above 1510 is good opportunity
MTAR Technologies - Trend reversalWatch out for a break out in MTARTECH, a defence stock. Extremely good business growth expected given the geo-political situations and India's plan to become self-reliant. The stock has changed the trend with higher high and higher lows with increasing volume. Good time to enter.
be ready to buy MTAR around 1006/1016 levelStock is correcting.............some more correction is likely till it hits the POC of volume profile which is also the 127.2% fibo level
MTARTECHMTARTECH has started bearish parallel channel past few days.
it's near virgin price if that may be able to bring mild bounce which may later turned out to be better. otherwise more bear will be welcomed
MTARTECH Trend line breakoutMTARTECH Trend line and previous support breakout and took retest on previous support.
Two target on chart drowns.
MTAR TECHNOLOGIES LTD ,NEAR BY DEMAND ZONEMTAR, Small cap and with good fundamentals for long term...............
MTARTECH is forming Head and Shoulders?Seems MTARTECH is forming a Head and shoulder pattern, which is a bearish pattern. If the price closes below 2000, with good volume, then it can go further to 1700 and 1500 levels. However, if the price bounces back at 2000 levels, the pattern becomes invalid. So keep a look at this for a trade opportunity.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
MTAR False Breakout in 1 Hr TimeframeTrap in MTAR Technology
MTar Technology - False Breakout identified with Bearish Divergence.
Shorting from Selling zone started and formed Bearish Harami Pattern.
Zone of Congestion means confusion in Traders mind regarding Direction.
MTARTECH Forming Wedge PATTERN MTARTECH has to sustain above 2365 on daily Closing Basis ,only than we can see new HIghs can be seen in the coming days
Mtar technologiesMTAR Technologies is in the business of spare parts for energy, nuclear, space, aerospace and defence.
MTAR TECHNOLOGIES LONGMTAR gave a good breakout from a crucial level of 2395
It completed its retest today and bounced back exactly from the same level.
A breakout and retracement pattern can be seen.
Can add at this point for good returns
Partial booking when price touches the black trendline.
Full booking @2750 (Fibonacci level)
FOLLOW FOR MORE IDEAS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
MTARTECH : STRONG MOMENTUMMtartech looks very strong , expecting upmove in coming weeks
fundamentally very good stock, can be added for Long term
TGT - 2600 & 2750
SL - 2300
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Buy Today Sell Tomorrow: MTARTECH for more than 5%Below: LOOK AT PAST PERFORMANCE TO BUILD CONVICTION
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
