MMTC trade ideas
MMTC Round Bottom and Triangle Breakout and Retesting DoneAs seen in the charts here, mmtc gave a breakout from round bottom pattern and also from an ascending triangle pattern, after breakout it even retested the resistance line, this is a good signal.
Good to buy above 24 for targets 26, 28 and 35, SL depends upon your risk capacity I would recommend below 16 but its too low, thus SL keep yours
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
Happy Trading!!
DAILY SWING CALL // FRIDAY 10th of December 2020 // NSE: MMTCDAILY SWING CALL // FRIDAY 10th of December 2020 // NSE:MMTC
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 21.15
TARGET: 24.5 (15% Around)
STOP LOSS: 19 (10% Around)
DURATION: In 15-20 Trading Sessions Target should be achieved
FOR STANDARD NOTES / DISC: Please refer my earlier posts on Tradingview.com
# 20 Long MMTC for 9 - 12 Months NSE:MMTC
Reasons Being:
1. 2.5 Year Long Trendline Breakout
2. Price has fallen significantly but OBV has a different story altogether.
3. Formation of Higher High pattern
Target Price: 23 and 36
View Negated Below: 16.75 on Closing Basis
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
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MMTC Hourly Complex Pullback . #NSE #BSE #NIFTY50 #NIFTY Entered MMTC at 18.35 . With NSE:MMTC a Target of 20.70 . Hope it breaks with good #Volume.
MMTC - Descending Triangle PatternMMTC - Descending Triangle Pattern has formed, watch out for breakout. If it breaks the trend line then go long and if it breaks the support line then it would fall further
MMTC: SWING / POSITIONAL / IntradayAll mentioned & plotted on Chart.
My personal View.
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor
A Period of Consolidation before Next correction This is a classic pattern of Institutional create during trading seasons , the script is in Side ways where retail traders tend to take trade and losses
once the current distribution of institutional is over then they will mark down the price to lower level and the rebound to next impulsive Move
MMTC : A Good Buy For Short Term ... {Bullish}Dear All , Everything is mentioned over the Chart ... Good Luck !!!
MMTC - Morning Star (with Rejection candle)Query:- If tomorrow is long green candle which closes above 72.80, can we treat the pattern as Morning Doji Star??
Please comment
MMTC ROUNDING BOTTOM FORMATION ON THE GO. MMTC Has Currently made Multiple Top break out and if it crosses 107 and holds strong, It is a classical rounding bottom, and the stock has futuristic growth and possibly reach a target of 500+.
MMTC is tied up with paytm for the supply of gold and other precious metals.
Being a Public sector company, This is the Ultimatum time for MMTC.
