Buy mmfl for a target of 700Buy mmfl for a target of 700 in two months, if 700 is broken and held on weekly close can be held for 800 in 6 months
MMFL trade ideas
#MMFL #NSE - BREAKOUT ALERTM.M.FORGINGS
LONG BASE
CONSOLIDATION
GAP UP BREAKOUT
MM Forgings shares jump 12% on first free share proposal in six years - CNBCTV18
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
MM forgings , volume is upHuge volume seen in this counter
with stock moving up by 5 % in a day
the stock has a resistance at 955, crossing it we can see the targets mentioned in chart
the stock is weak below 899
MMFL-long price breaking out of ascending triangle pattern with decent volumes
price >18>50>200 day EMA
MACD crossover
target and stop loss marked
Low Risk set Up ✌✌✌This scrip has been choosen for short Term pick as it took support and reversal given. So traders add this scrip to your watchlist and try to capture the momentum. Thanks to all 🙏🙏🙏
MMFL Resistance BONSE:MMFL
#NSE:MMFL Given 2yrs Long Resistance BO. Chances to get a small pull back and bounce.
Marked the levels on chart.
Already shared the same stock @ 669 entry in Feb'22 and those who taken entry are enjoying profits.
New level might be the good choice in trending market and all dips are good opportunities to average if any.
Happy LEarning !!
Brakout Ready:Mm Forgings LimitedMm Forgings Limited
1. A clear neckline breakout from multiple rounding bottoms, a cup-and-handle pattern
2. Very High volume
3. Trend is up
Fundamentals:
1. PE Ratio is half of the industry PE
2. PB Ratio is just 4 - cheap
Bearishness is left behindChart -> M.M. Forgings Daily
After hitting 5 times to the same resistance, finally it has given a breakout with huge volume. Because it broke out after trying 5 times, all the bearishness is left behind.
CMP: 970
Targets: 1100, 1150 and more
SL: 910
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Buy Today, Sell Tomorrow: MMFLDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Cup & Handle Breakout in MMFL
Buy Today, Sell Tomorrow: MMFL
Cup and handle breakout if closes above 960 than can buy for swing trade
stoploss below 930
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Range Breakout - M.M. ForgingsRange Breakout
Buy M.M. Forgings
Closing Price - 717.1
Buy 30% At Cmp
Buy 30% If Price Drops To 665-675
Buy 40% If Price Drops To 615-625
SL - 525 (WCB)
Target - 905/1000/1100
Breakout in MMFORGINGSBreakout in MMFORGINGS IN Daily timeframe. One can enter now for a target of around 1214.
DISCLAIMER: The ideas shared are only for educational purpose. I am not SEBI registered.
Go LongGo Long on MM Forgings, good consolidation, and now pricing breaking out of range.
R:R - 2:4 ATR
Trendline Breakout in MMFLDON'T HAVE TIME TO MANAGE YOUR TRADES?
- 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
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in MMFL
Buy Today, Sell Tomorrow: MMFL
M.M forgings Consolidating Nicely. Looks good @CMP. Trading above all key EMA. Nice accumulation can be seen.
MM Forgings etting up nicely near breakout level. Company has been posting improved performance from the last few quarters. Keep an eye !!
Buy M.M ForgingAccording to chart anylasis after long time this stock reached at 52 week high and break this.
Buy @cmp 710 or above.
Target: 750 ++
Trendline BO with Volume - MM Forgings1. Trendline Breakout after long consolidation
2. Price BO with volume
3. Price Above 200MA
