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MMTC Limited

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MMTC trade ideas

MMTC 1 Hour View📈 1-Hour Timeframe Technical Overview Trend: The stock is exhibiting a bullish trend on the 1-hour chart, characterized by higher highs and higher lows. Resistance Levels: Immediate Resistance: ₹70. Key Resistance: ₹75. Support Levels: Immediate Support: ₹65. Key Support: ₹62. Pivot Points: Central Pivot: ₹64.84 Resistance (R1): ₹66.13 Support (S1): ₹63.55 🔧 Technical Indicators RSI (Relative Strength Index): Currently neutral, indicating no overbought or oversold conditions. Moving Averages: 50-period EMA: Trending upwards, supporting the bullish momentum. 200-period EMA: Also trending upwards, confirming the long-term bullish trend. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, suggesting bullish momentum. Volume: Increasing volume on upward movements indicates strong buying interest. 📊 Chart Patterns The 1-hour chart reveals a Cup and Handle pattern, a bullish continuation formation. A breakout above the handle's resistance could lead to a price move towards ₹75 and beyond. ✅ Summary MMTC Ltd is showing bullish signals on the 1-hour chart, with key resistance at ₹70 and ₹75, and support at ₹65 and ₹62. Technical indicators confirm the upward momentum. A breakout above ₹70 could signal further bullish movement.
NSE:MMTCLong
by TechnicalExpress
MMTC - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup 📌 Stock: MMTC ( NSE:MMTC ) 📌 Trend: Strong Bullish Momentum 📌 Risk-Reward Ratio: 1:3 (Favorable) 🎯 Entry Zone: ₹64 (Breakout Confirmation) 🛑 Stop Loss: ₹60.23 (Daily Closing Basis) (~6.1% Risk) 🎯 Target Levels: ₹66.11 ₹68.20 ₹70.49 ₹72.75 ₹75.31 (Final Target) Technical Rationale ✅ Bullish Flag & Pole Breakout - Classic trend continuation pattern confirming uptrend ✅ Strong Momentum - Daily RSI > 65 & Weekly RSI >50 (Bullish zone) ✅ Volume Confirmation - Breakout volume 14.13M(while posting) vs previous day's 1.96M (Nearly 7x surge) ✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength Key Observations • The breakout comes with significantly higher volume, validating strength • Well-defined pattern with clear neckline breakout • Conservative stop loss at recent swing low Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information. What do you think? Are you watching NSE:MMTC for this breakout opportunity? Share your views in the comments!
NSE:MMTCLong
by raigvivek
5
Everyone’s Buying MMTC… I’m Waiting for this to happen✅ CT Breakout (WTF): Well-defined CT break cleared with strong bullish momentum. ✅ Volume Confirmation: Breakout candle accompanied by 269M+ volume, signaling genuine interest. ✅ Structure: Higher low before breakout reinforces structural reliability. ✅ Base Formation: Multiple weeks of tight consolidation at base builds a solid foundation for the move. ⚠️ Caution – DTF Overextension: On the daily timeframe (DTF), price shows back-to-back green candles, indicating a short-term overbought condition. A retracement is healthy and preferred. A direct move from here risks a poor R:R swing 📌 Conclusion: Solid weekly breakout with all structural prerequisites in place. However, due to the extended DTF structure, wait for a healthy pullback before initiating swing entries. Avoid chasing strength. Let the price offer a clean opportunity. 🔁 Following the yellow path = strategic patience + optimal R:R.
NSE:MMTCLong
by Averoy_Apoorv_Analysis
3
MMTC Ltd Poised for Upside After Channel Support at 84Details: Asset: MMTC Limited (MMTC) Support Level: 84 (channel support) Potential Target: To be determined based on breakout confirmation Stop Loss: Below 84 or as per individual risk tolerance Timeframe: Short to medium-term Rationale: MMTC has taken support at the 84 level within its channel, signaling potential for an upward move. If buying interest picks up, the stock could see a rally, provided it sustains above this critical support. Market Analysis: Technical Setup: The stock has respected the channel support at 84, and its price action suggests a reversal or continuation of the upward trend. Sector Context: MMTC, as a key player in trading and minerals, may benefit from favorable commodity trends and market conditions. Price Target: Potential targets will depend on confirmation of the breakout and volume support. Historical resistance levels can serve as benchmarks for initial targets. Risk Management: Place a stop loss below the 84 support level to minimize risk in case of further downside. Timeframe: Short to medium-term, depending on the strength of the bounce and overall market sentiment. Risk-Reward Ratio: Favorable, with a low-risk entry point near support and significant upside potential if the stock breaks out of the channel. Watch for confirmation of upward momentum and ensure to monitor volume and market conditions closely before initiating a position.
NSE:MMTCLong
by CyborgTradingHub
MMTC- Technically visible U-turnMMTC is a company which has one of the worst fundamentals among all PSUs News of company being scrapped were in market couple of months ago. Only investors with high risk appetite and disposable money should be interested in this stock. Technically, a monthly closing above 70 will be confirmation for huge breakout. Previous attempt failed but now we have only 3 sessions so worth the risk for big targets. Good volumes are seen in past 6 months which means something big is cooking, either upside or downside. Be prepared for both if interested to invest. If breakout is genuine, definitely huge upside potential as ATH is above 1000 which is more than 15x of CMP .
NSE:MMTCLong
by chartistamey
2
MMTC CUP & HANDLE PATTERN. WAIT FOR BREAKOUT.MMTC had given a breakout on monthly basis in January 2024 and now we are seeing the pull back and retest. Coming to a lower TF like daily or hourly we can see that it has been moving in a Parallel Channel from Aug 2023 consistantly making Higher Lows and Higher Highs. Taking 1 HR. Time frame we can see that it is making a Cup and Handle pattern. We have yo wait for breakout on the upside, get a confirmation of making a higher low,high and can invest. 1st Target would be the latest High 101. 2nd Target would be the upper trendline of the Channel.
NSE:MMTCLong
by eastwind65