MMTC- Yet to get TC to fly high to 130MMTC- Inv. Head and shoulder formed and on the verge of breakout. Weekly closing above the neckline is mandatory for confirmation.
Note: This is for educational purpose only.
MMTC trade ideas
MMTC breakout We observe an ascending triangle breakout, indicating a potential upside in the coming days. This breakout pattern often signifies bullish momentum. Traders and investors may consider this as an opportunity to capitalize on the upward movement, but it's essential to monitor the market closely for confirmation and potential follow-through. Keep an eye on key support and resistance levels for a more comprehensive understanding of the stock's behavior during this period.
Buy MMTC for long termMMTC Ltd, or Metals and Minerals Trading Corporation of India, is a public-sector undertaking (PSU) and one of the largest trading companies in India. Here are some key points about MMTC:
Business Activities: MMTC is primarily involved in the import and export of various commodities, including metals, minerals, precious metals, coal, fertilizers, and agricultural products.
Core Sectors: The company operates in multiple core sectors, including non-ferrous metals, ferrous minerals, precious metals, and agro-products.
International Trade: MMTC plays a crucial role in facilitating international trade. It imports essential commodities to meet domestic demand and exports Indian products to international markets.
Gold and Silver Imports: MMTC is one of the major importers of gold and silver into India. It plays a key role in meeting the country's demand for these precious metals.
Government of India Ownership: MMTC is a government-owned company under the Ministry of Commerce & Industry, Government of India.
Diversification: Over the years, MMTC has diversified its operations to include various commodities, and it has expanded its footprint in both domestic and international markets.
MMTC | Investment | Medium TermAll information given is only for educational purposes. I am not a SEBI Registered analyst. Please consult your financial advisor before investing.
MMTC - Bullish WW PatternBullish Wolfe Wave Pattern in weekly chart
Time Frame - Weekly
Double bottom near 26.50 levels
Invalid below 26
Buy Right, Sit Tight
Multi year Breakouthere, is the chart of multiyear consolidated stocks....
buy above the resistance level... Good return possible, A restest possible before it gone up...
MMTC Extremely Bullish BreakoutA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:MMTC
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
MMTC Buy ideaCompany engages in the export of minerals and import of precious metals, non-ferrous metal, fertilizers, agro products, coal, and hydrocarbon. Stock break its 9 year resistance with good volumes. Daily, Weekly and Monthly RSI is above 60. one can buy with atleast 3-6 months view for a target of 100-105.
MMTC Analysis Diwali 🪔 Pick Stock 1Stock was firtst recommended at levels 38 and made a high of 80 approx, now stock has given long term BO with good volume build up, follow chart for proper support and resistance levels.
mmtc looks good for 50% return on upside mmtc looks good for 100 and 125
cmp 75
accumulate on dips to 65-60
sl 54
abv 81 ,will rock on upside
MMTC Bullish; above 70.70 on Friday 13 Oct. MMTC Bullish; above 70.70 on Friday 13 Oct.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
Swing Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger gains
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Long cup Breakout This stock for education purpose
7-8 years cup Breakout
See old cup #db_reality stock
#vascone 🚀 now
MMTC 10 Year Breakouts1. **Technical Analysis**:
- The stock has experienced breakouts on multiple time frames: daily, weekly, and monthly. This is generally considered a positive sign in technical analysis, as it indicates strong upward momentum.
2. **Trading Recommendation**:
- The recommendation is to buy NSE:MMTC at around Rs 70.
- The target price (TRG) is set at Rs 100-125, which suggests an expectation of significant price appreciation.
- A stop-loss is placed at Rs 53.50, which is intended to limit potential losses in case the trade goes against the investor.
3. **News Event**:
- The stock's rise is attributed to the Indian government's approval of royalty rates for mining strategic minerals, specifically lithium, niobium, and rare-earth elements.
- This approval allows the government to auction blocks for these minerals in India for the first time.
- The royalty rates are specified as 3% for lithium and niobium and 1% for rare-earth elements.
- Royalty rates are important financial considerations for bidders in the auction of mineral blocks.
- India is currently conducting exploration for critical and strategic minerals.
MMTCMMTC :- The stock has given a breakout after 10 years
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Getting Ready for multiyear BoThe stock is trading with good monthly volumes and looking good to give a multi year BO.
Buy above 70 - safer above 71.2 levels - carry on day closing basis.
Buy less qty in this stock.
Target 1 79, Target 2 97, Target 3 125.
Put initial SL 58 and trail.
Learn & Earn,
Dr. Tanya Kumar
MMTC - Weekly Chart AnalysisStock break out of 6 month base. You can see the IV footprints (probable accumulation) in the daily chart. Where volumes started coming in from May 2023. Same is visible on the weekly charts too. Volume contraction while basing and then the rise in volumes.
On a daily chart its trading above all its key moving averages and on a weekly it has almost confirmed too. I would like it if it consolidates here for a while and form a small base and then continue its journey further.
64-71 would act as a hinderance for now until the overhead supply is absorbed. Its basing for the past 3 weeks in 22% range on low volumes.
55 shall now act as support while main support is the base break zone 41-44. A weekly close below this shall invalid our whole view.
Its the ideal place to initiate a low risk entry (pilot entry) and pyramiding up if it goes with the trend.
Next levels it can test is the small resistance zone 130-145 in near future. While 290-360 is the main supply zone for long term .
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MMTCAll my targets are hit.
Only for education purpose do own research before investing in stock market.
MMTC: 10 year Head and ShoulderMMTC is poised for a breakout after crossing a 10 year head and shoulder patterm. High volume. High RSI
Want to make 3x-5x Buy MMTC Everythingbis in the chart smart money already invested now time for the operators to play their role.😃
Breakout in MMTC.NMTC was stuck in a downward rectangular pattern for over 2 years, with lower highs and lower lows. Now, it's trading at a 40% discount.
But in the last 4 months, it started going up, breaking out of the pattern.
However, it's now in a smaller rectangle outside the breakout point. We need to wait for it to break out of this new pattern too.
Once the price reaches 37.5 and stays above that level, then only we can enter the trade.
Our target is 43, and we'll set a stop loss at 32.5 to manage the risk.
MMTC's Rounding Bottom BreakoutHere's an exciting trade prospect in MMTC. A clear rounding bottom formation is evident on daily and weekly charts. The recent surge above the robust resistance at 42.05, coupled with substantial volumes, marks a notable breakthrough.
Anticipate a possible retest after breakouts, keeping a close watch on closing prices. The setup remains valid as long as MMTC stays above 43, a key level indicating pattern strength.
This is a medium-term trade with targets set around prior resistance levels and the rounding bottom's projected completion near 65.
Remember, this information is for educational purposes and not financial advice. Manage your trades wisely and consider setting appropriate stop-loss levels to manage risk.
