MTAR BullishWedge Pattern breakout in Weekly. Hopefully at the good support level. Any close and sustaining above 1510 is good opportunity
MTARTECH trade ideas
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
MTARTECH : UPTRENDMtartech good stock for long term
Fresh Buy@CMP
TGT - 2650 & 2700
SL - 2150
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.
MTAR tech Breakout With H&S Pattern | Huge Volume seen MTAR Tech made a Head & Shoulder Pattern and done with a Breakout with huge Volume exactly from the Neckline, now it will further continue a upward trend possibly after a retest from the resistance which turned as a support after the breakout. you can hold it for target of 1900-2000 .
MTAR TECHNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Mtar techDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade
MTARTECH breakout with good volumeLearning is Earning
1. Channel breakout on the chart
2. Support of 21 MA
3. If price take support at rising MA before breaking the resistance the probability of breakout is high
MTAR TECH Getting rejection from trend line MTAR TECH Getting rejection from trend line .The Price has been reject 4 times from the trend any upward movement can only be confirmed if it breaks and hold 1886 for next targets of 1925/1947/1975/2000.Supoort around 1814
MTAR: Strong resistance (Time frame-1Day)Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
