Clear bounce back from its previous resistance. target 1750-1800
Clear bounce back from its previous resistance.
MTARTECH trade ideas
Update on MTAR Tech. Aiming 50% !NSE:MTARTECH has given the awaited breakout and the retest as well.
This idea is an Update on previous one(providing link to it below).
All Support & Resistance, Channels, Risk to Reward and Intended Target is mentioned on the Chart.
MTAR TECH- on the verge of breaking out of consolidationmtar tech- Cmp 1461. close abv 1480 will complete Cup and handle formation for tgts 1480+(1480-1160)=1800.
Since ADX is not high on daily charts, better allocate 50% positions on trigger level and remaining positions if closing abv 1570(ATH).
keeping SL at 20SMA dcb. Also chk volumes when there is a bollinger blast
MTAR is Bullish and Blaster!NSE:MTARTECH has shown confluence of
1. 50 SMA support
2. 50% correction of the swing
3. Bounce from support area
MTAR - Reverse Head and ShoulderEverything explained in chart.
Please do your own research.
Have a Great day.
MTAR Technologies - Flip level + Inverse Head & ShouldersKey Highlights:
1. Bullish market structure
2. Trendline breakout
3. Volume expansion
4. Rebounded from the demand zone
5. Inverse Head & Shoulder formation
6. Just above the flip level
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
MTAR BUYMTAR has Strong upward momentum.
Holding this type of fundamental stock returns good wealth.
The immediate resistance is 1400
Target 1 - 1400
Reversal on cards?Can be bought above 1300 for intial target 1450 with sl 1240
Inverse head and shoulder pattern seen and re-test of previous base..
keep eye on this..its forming inverted IHSkeep eye on this..its forming inverted IHS
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Note:- for educational purpose only
MTARTECH Bullish Trend analysis MTARTECH
1. rising wedge pattern prcie movementum
2. head and sholder pattern completed
3. histrical suppoert act take down trend reversal soon
MTARTECHMTARTECH
SMALL QTY CMP 1480 AND DIPS 1430 SL 1360 TRG 1600 1700
FOR EDUCATIONAL PURPOSE ONLY
CASE STUDY: MTARTECHCASE STUDY: Can go long
1. Company with very strong fundamentals and background, deals with Aerospace, Defense, Precision Engineering. Enjoys Monopoly.
2. Post-listing. 1st weekly close was 1082.50. For almost 4 months was not able to give closing above 1st weekly close.
3. Created good range between 900-1000 levels and formed Inverse H & S pattern.
4. Post Inverse H & S breakout, now ready for Flag and Pole breakout
MTARTECHBreakout on charts. One can go for much higher prices keeping SL below 1100 at closing basis.
MTAR Technologies LtdThis Stock was listed in NSE and BSE on 15-March-2021. On the day of listing it made a high of 1154 which was crossed on 1-July-2021 on daily closing basis. Adding this stock to my portfolio with a STOP LOSS of 950. Price has been rejected around 950 at least 3 times.
1st Target - 1265 and 1330 (Fibonacci)
Accumulation Zone - 1150 and 1050 (Fibonacci)
Cup and Handle in MTAR This was a recent IPO which gave 100% on listing, now i feel it has formed a cup and handle
throw your views.
