MTNL trade ideas
MTNLmtnl forming pattern & if sustain to close above 16 mark on 05.03.2021 then may go up to 19.40 & more 21++ in coming days.
discl.invested
MTNL I personally see that there an be some thing good coming in stock* ( although i dont track them in such price zone) but the stock has good asset in term of land
thus could definitely improove its price
hero or zero BET
MTNL - MonthlyStock has made a bottom confirmation and is gearing up for more strength! Let's see what happens!!
#MTNLWeekly Close >26.55
and High >27.45 needed with strength
Volume Support
Forming Higher Lows
CC(D/W)>100
Target 45
Duration: 4-5 months
SL: 19.45
#MTNLReversal Confirmation
Strength Candle on TGC
CCI>100 on all time frames
Volume interest
Target 42
SL 18.5
MTNL Analysis on RequestMTNL Analysis on Request.
MTNL looks good, with good risk to reward.
For short term buy with SL of close below 21
Target 28
If trend continues then second target 35
Next Multi Bagger - MTNLIf it breaks 26 with volumes then will test 30 and if it breaks comfortably then 45 - 53. Buy in good quamtities
MTNL- Short term momo setupMomentum is good and testing resistance level.
I prefer long at current level BCZ candle close near top of the close so momentum is genuine and volume also confirming same thing.
Buy range: 20-25
Target: 38, 48
Sl 19
MTNL shows a head and shoulders pattern forming+MACD going lowerwait for a break in the neckline first, be wary of a pullback to the neckline before shorting.
stoploss would be 21.5
tp1 = 18
tp2= 17.3
