MSTC above 888 - New high 61.8 Retracement completed if BO Zone assumed to be 540 - Possibility 1 Else retracement of 710 Looks good for 1000-1200-1500 Techno Funda Pick (Holding since 200+)
About Company - MSTC is one of the leading PSU entities engaged in providing e-commerce related services across diversified industry segment offering e-auction/e-sale, e-procurement services and development of customized software/solutions. It has emerged as a pioneer in the e-auction segment catering to the Government sector, partnering with different...
MSTC LTD 1) Time Frame - Monthly. 2) Previous Life ti,e high breakout in monthly with good volume. 3) Primary Trendline will act as a resistance in long term with 23% ROI probability. 4) Recommendation - Strong Buy
Setup is quite good and some encouraging volumes can be seen as well. multi month breakout is quite clear.
Buy MSTC 360 till 340 for 400,440,480. Keep stop below 320 on weekly closing basis. Fantastic VCP pattern emerging
MSTC - Target 50% till it reaches red line 1) consolidated 2) Flag formation 3) May breakout
BUY @ 568.00 RS TARGET 1 @ 604.90 RS TARGET 2 @ 714.65 RS BUYING CONFIRMATIONS: Rounding bottom & cup with handle breakout in a weekly timeframe Overall expected returns are around 25.98 %
A Cup and Handle pattern breakout accompanied by strong volume at the breakout level is a bullish signal. This pattern typically signifies a potential upward trend, with the consolidation (handle) preceding a breakout. Good volume at the breakout level adds confirmation to the pattern, suggesting increased market interest and potential for sustained upward...
16 Oct 23 Breakout with volumes 26 Oct 23 Market fall - Stock Price also fell but without volumes 16 Nov 23 Ex Dividend - Price not fell indicates strength Taking Support at 415 Buy , accumulate till 415 for a target of 500 with SL 400 I am learning , please add your views in the comments so all of us can learn together.
MSTC was silent and was consolidating for very long and now its ready for momentum
Reason for long a) W formation b) channel support c) super vwap breakout possible d) volume spurt e) SL compulsory
can give upside of almost 250 rs i.e 50%from here on Stoploss is red line if stock closes below this line (weekly closing)exit
MSTC CUP and multiple Handle pattern. MSTC is in the business of scrap trading through e-commerce platform.
Cup and handle breakout in MSTC Ltd with very high volume.
Reason for long a) Double Green set up b) Triangle Breakout c) Vwap breakout d) weekly breakout e) If market support it may reach another 25% upside f) Current level is accumulation in small quantities for long term of 6 months to 2 years. g) channel support h) SL compulsory i) Fundas Good This company is managed by GOI
4 Digit Candidate in Making ? Scrapping theme is in Limelight. Positives mentioned in the chart. RR is favorable. SL - 360 ( Upside can be 2-3X )
Details are as per chart 📈 Mostly prefer 1st target in this trade This is for education purpose only
As Long as weekly closing basis of 360 is safe and 385 for people looking for risk of not more than 5%. Stock looks well placed for new high. Good things :- 1) MFs started adding 2) PMS meeting the co. and exploring opportunities 3) Value Buy for sure. Con :- 1) Revenue will be fluctuating 2) Management answers are not always satisfying