If you look at MSTC chart, it follows price action pretty well.
The trendline has had three touches and ready for a breakout.
The support has been very strong and stock has bounced back three times from there which again confirms our bullish pattern .
The stock has bounced from 20/50/100 EMA with strong volumes.
Levels are mentioned on the chart.
As u see Descending Triangle Pattern has formed and given nice Breakout of the pattern with huge Volume built-up.
All the important levels mentioned on the chart
SWING TRADE OPPORTUNITY
BUY ABOVE 310 FOR TGT - 350,400+ WITH STRICT SL @ 250
MSTC Ltd. engages in the export of scrap. It operates through the following segments: E-commerce and Trading. The E-commerce segment offers e-auction or e-sale, e-procurement services and development of customized software or solutions.
On February 1, 2021, Finance Minister Nirmala Sitharaman stated in her annual budget speech, “the government will announce a...
MSTC has given a short term breakout in daily charts with a rising MA and up-trend. May reach upto 300/315 in short term and 400 in long term.
This is purely based on our analysis and for educational purpose. Please do your research before investing.