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 .
MTARTECH trade ideas
MTAR TECHNote:
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MTAR TECHNOLOGIES : BULLISH Strong Buying Opportunity - Charts Looks good expect upmove in this stock
Buy Above 1485
Target - 1550 and Target 2 - 1600 & Above
SL - 1388
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 TechnologiesCMP: 1613.25
Cup & Handle already B/O given. Trendline tested after that.
Volume increasing
Tgt-1: 1751
(Short-term)
Tgt-2: 1891.1
(Medium-term)
Tgt-3: 2117.55
(Long-term)
Counted among top suppliers for catering to precision engineering requirements of Indian Defense, Nuclear, and Space sectors.
So, one of the good technological stocks to invest in.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON MTARTECH.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.