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MMTC LimitedMMTC LimitedMMTC Limited

MMTC Limited

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MMTC trade ideas

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.
NSE:MMTCLong
by marketmoneymohmaya
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.
NSE:MMTC
by BullishLine
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.
NSE:MMTCLong
by sandeshprabhu85
2
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle 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 MMTC BUY TODAY SELL TOMORROW for 5%
NSE:MMTCLong
by Kapil-Mittal
4
MMTC's Chart: Breakout, Volume BuildupIn this analysis, we will explore the chart of MMTC, focusing on the breakout of the falling trendline, the volume buildup, and the stock's current positioning above horizontal support. By examining these technical factors, we aim to provide insights into the stock's current situation and a potential trading opportunity. Let's proceed with the analysis. Chart Analysis: Upon reviewing the provided TradingView chart for MMTC, we can identify several key technical factors that may impact the stock's future price action. Breakout of Falling Trendline: The chart indicates that MMTC has experienced a breakout of the falling trendline. This breakout suggests a potential shift in the stock's trend from bearish to bullish. A breakout from a significant trendline is considered a bullish signal and may attract further buying interest. Good Volume Buildup: During the breakout phase, it is essential to observe the volume buildup. A good volume buildup signifies increasing interest in the stock, which may lead to a significant move once the breakout is confirmed. The positive volume buildup supports the potential for a substantial price movement in MMTC. Breakout - Retest - Sustaining on Horizontal Support: After the breakout, it is common for the stock to retest the breakout level, which now acts as support. The fact that MMTC is sustaining above the horizontal support after the retest is another positive signal, indicating potential strength in the current uptrend. Trading Opportunity and Targets: Based on the analysis, a potential buying opportunity arises with MMTC's breakout of the falling trendline, good volume buildup, and sustenance above horizontal support. Traders may consider initiating a long position above 36, with a stop loss set at 32 to manage potential risks. In terms of the target, the breakout suggests the potential for further upside movement. A target of 43 can be considered, taking into account the breakout's potential and the stock's current momentum. Conclusion: Based on the technical analysis, MMTC's chart indicates a breakout of the falling trendline, good volume buildup, and sustenance above horizontal support. These factors suggest a potential bullish outlook for the stock. Traders and investors should carefully assess their risk tolerance and consider implementing appropriate risk management strategies. As always, it is advisable to consult with a financial advisor or conduct further research before making any financial decisions. Disclaimer: The information provided in this analysis is for educational purposes only and should not be considered as financial advice. Trading stocks involves risks, and past performance is not indicative of future results. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
NSE:MMTCLong
by yaashul
MMTC - Double digit stock + Trendline Breakout 📊 Script: MMTC (MMTC LTD) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Services 📊 Industry: Commercial Services & Supplies Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 Crossover in MACD . 📈 Already Crossover in Double Moving Averages. 📈 Volume is increasing along with price. 📈 Script has given Trendline Breakout. 📈 Current RSI is around 69. 📈 MMTC Consolidation near the breakout region. 📈 Rejection 3-4 times and then breakout. 📈 Green volume spikes in volume. 📈 Showing momentum in weak market. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 44.10 🟢 Target 🎯🏆 - 50 ⚠️ Stoploss ☠️🚫 - 41 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:MMTCLong
by radha_23
MMTC,finally ready to fly after consolidationHello traders, MMTC has been in very good momentum since past 2 days, looks good for swing. details mentioned in the chart. don't forget to like and share. it motivates me to post more super setups like this. below setups in related ideas are those which we caught move as big as 120%. check my other ideas to get to know about all the successful trades based on price action. Thanks, Aniket. keep learning and keep earning.
NSE:MMTCLong
by Aniketyourtechnicalanalyser
10