MMP - Ichimoku Bullish Breakout Stock Name - MMP Industries Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 175
#This is no
0.41%
9.70INR
213.207MINR
5.379BINR
4.867M
About MMP INDUSTRIES LTD
Sector
Industry
CEO
Arun Raghuvirraj Bhandari
Website
Headquarters
Nagpur
Employees (FY)
0.996K
Founded
1973
ISIN
INE511Y01018
MMP Industries Ltd. engages in the manufacturing of aluminum products. It operates through the following segments: Aluminium Powder and Pastes, Aluminium Conductor, Aluminium Foils, and Others. The Aluminium Powder and Pastes segment produces aluminium power, aluminium pastes, and atomized powder. The Aluminium Conductor segment manufacture aluminium conductor. The Others segment include washers, circlips, and manganese oxide. The company was founded on October 8, 1973 and is headquartered in Nagpur, India.
MMP Industries positional View !!MMP : cmp : 179.45
A flag kind of pattern has been formed in daily chart.
Breakout done near 170-175 level.
Making higher highs for 3 days.
RSI & MFI trending up.
Accumulation Zone : 166 - 172
Profit booking Zone may be : 198 - 236
Sl 156 /According to your risk appetite.
Time horizon : 7 - 180 da
MMP Industries bounces back1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long ter
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