one day affairRange contraction + volume contraction after big bullish candle breakout. Retest may give good risk: reward ration entry oppportunity.
MTARTECH trade ideas
RH&S PATTERNIt's pure technical swing trade,
RH&S PATTERN
Pullback support by two green candles pattern
Target up to 24%
MTARTECH - Long SignalR/R details are mentioned in chart and this is for Long term..
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
MTARTECH - Breakout and price at support line1500 range act as good support line for this stock since 2021 and it reaches the same range in October. Solid green candle formed inside red candle at the end of October in Weekly Timeframe and the price is breakout the falling wedge pattern by today.
Volumes have dried on long term chart viewStock has in been downtrend with healthy correction.
Candles are big however the volumes are low.
Disclaimer: View for Education only, not to be taken as trading or investment advice.
MTARTECH is LONG....!!
MTARTECH looks strong..
SL is below 1600 rs.
Target can be around 2850 rs.
Risk/Reward is mentioned in the chart.
MACD Crossover - MTARTECH📊 Script: MTARTECH
📊 Sector: Aerospace & Defense
📊 Industry: Engineering
Key highlights: 💡⚡
📈 Script is trading at middle band of BB.
📈 MACD is giving crossover.
📈 Script may fill the gap.
📈 Right now RSI is around 50.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1911
🟢 Target 🎯🏆 - 2071
⚠️ Stoploss ☠️🚫 - 1828
⚠️ 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!🥂
SHORT TERM SWING OPPORTUNITY IN MTAR TECHNOLOGIES LTD."MTAR TECHNOLOGIES LTD" is about to change it's weekly structure with a trendline support valid since 2021. Confirmation is above 2200 on closing basis. If the trade goes as planned, it is going to give a return of almost15% which is good. Stop loss will be planned once entry is activated. Target is calculated using the XABCD Pattern of Harmonics. Profit should be booked between 2500 and 2543 as it happens to be the PRZ area of the XABCD Pattern. Above 2600, it is going to test it's ATH again.
MTAR Technologies Ltd - Breakout OpportunityDate : 21-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 2,110.35
Targets: (1) Rs. 2,320 --> (2) Rs. 2,475 --> (2) Rs. 2,563
SL : Rs. 1,910 on daily close basis
Technical View:
• NSE:MTARTECH was moving in its primary downtrend since Sep-2023.
• After touching the lifetime high of 2,920 on 11-Sep-2023, it has retraced 43% to 1,661 level.
• On 21-May-2024, NSE:MTARTECH has broke out from its primary down trend with higher than average volume.
• Since 17-May-2024, NSE:MTARTECH is trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 75.36 and MACD is trading at 38.04.
• Both RSI and MACD is showing positive divergence on daily timeframe indicating a trend reversal.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
MTAR: Becoming bullish 📈 after long correction For educational purpose only.
If it corrects further from this point, drawn channel can be act as support and one can average the price for more potential.
MTAR: Becoming bullish after long correction For educational purpose only.
If it corrects further from this point, drawn channel can be act as support and one can average the price for more potential.
Buy MTARTechAfter looking at the all technical moving avg. and the volume divergence, and there was a trend breakout. As per my knowledge its time to Buy
Targets:
2210 immediate in next week
2353 hold for 25 days
2590 6 month hold
Note: it is just a knowledge sharing, not suggestion to buy hold or sell
BUY MTAR TECHNOLOGIES LTD I AM LOOKING FOR BUY MTARTECH AT RETRACMENT LEVEL 0.618 .Which is a good buy position for longterm
MTAR Tech - Good Above 2010.MTAR Tech : Defence theme doing well.
Buy only above 2010, and top up as it moves up. Don't rush to buy this now.
Stop Loss : 1785.
Pro Tip : Keep Alert for 2010 in your trading account, and when you see supported volumes. understand your trade is going to be right.
Disclaimer : Educational Content. Trading is a probability game. Please do your own research before taking a call.
MTARTech-A beautiful channel consolidation!MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation.
Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc.
Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment purposes as well.
Disclaimer:This is not a recommendation and this is my personal analysis and opinion about stock.
MTAR Technologies Ltd: Bearish Trend AnalysisAnalysis:
MTAR Technologies Ltd. currently holds a market capitalization of 5507 crore with an average PE ratio of 67.21 and a beta of 0.76. Its 52-week high/low is 2920.35/1473.00.
In the hourly chart, the stock is observed to be in a consolidated phase, indicating a bearish trend. The 15-minute chart on 10/05/2024 closed with an evening star pattern, further suggesting a continuation of the bearish trend with a possibility of reversal from the support level. Additionally, the stock is trading below all EMAs (20/50/100/200).
Given these observations, investors should carefully consider the bearish trend and potential reversal before making any investment decisions regarding MTAR Technologies Ltd.
Disclaimer:
The following analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions. Investing in stocks carries inherent risks.
MTARTECH is a good bet..The stock named "MTARTECH" doesn't need any introduction. Very good company with strong numbers ans exponential scope of growth.
Can be accumulated for investment purpose at CMP 1773 till 1500.
SL is weekly closing below 1480-50.
Targets 1950
2150
2300
2550
2960
3500
4000.
This is a purely investment pick.
My recommendations are only for for educational purpose. Kindly do your own analysis before taking any trade.
Stay invested.
Technical Analysis for MTAR Technologies
Chart Pattern: Trendline Support
Trade Type: Reversal Trade
Risk-Reward Ratio: 1:4
Trade Duration: One year
Stop Loss (SL): ₹1612 for risk management
Target: ₹2800
MTAR (PORTFOLIO PICK)TF-Weekly
View-Long Term
Trading at Harmonic PRZ Level & taking support at Trendline.
Best time to accumulate.
.
Best for Investing purpose.
Levels-Given on chart
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
can this reverse?after a heavy correction its at the lower end of the channel....
thinking we can start accumulating here and deploy capital in tranches up till 1500...
can be a good defense play if it plays out in the long term
MTAR Technologies Ltd. ( 25% upside potential)
Sector: Aerospace & Defence
HTF chart shows clear uptrend in the script and government centric sector as well...
daily chart shows consolidation with RSI bullish divergence....
so accumulate in weekly support region....
Continuation Wedge - Bullish PatternA continuation wedge , is a technical analysis pattern found in daily chart of MTARTECH.
Let's delve a bit deeper into the components and dynamics of this pattern.
Bullish Continuation Wedge:
Shape and Structure:
Trendlines: A bullish continuation wedge consists of two converging trendlines that slope downward against the prevailing uptrend. These trendlines create a narrowing price range, forming a wedge shape.
Market Psychology:
Temporary Interruption: The wedge pattern represents a temporary pause or interruption in the ongoing uptrend. It suggests a consolidation phase where both bulls and bears are active, and the market is undecided about the future direction.
Battle between Bulls and Bears: During the formation of the wedge, bears attempt to gain control and reverse the trend. This can lead to some price retracement or sideways movement as selling pressure increases.
Resolution and Outcome:
Breakout to the Upside: The key moment occurs when prices break above the upper trendline of the wedge. This breakout signals that the bulls have ultimately triumphed over the bears, and the prior uptrend is likely to continue.
Volume Confirmation: Ideally, the breakout should be accompanied by a noticeable increase in trading volume. This helps validate the strength of the bullish move.
Trading Strategy:
Entry: Traders may consider entering a long (buy) position when the price breaks above the upper trendline of the wedge.
Stop-Loss: A stop-loss order can be placed below the lower trendline of the wedge to manage risk.
Target: The length of the wedge pattern can be used to estimate a target for the bullish move. This is measured from the beginning of the wedge to the point of breakout.
Cautionary Notes:
False Breakouts: While the pattern is reliable, false breakouts can occur. Therefore, it's essential to wait for confirmation, especially through increased volume.
Confirmation with Other Indicators: Traders often use additional technical indicators or chart patterns to confirm the potential success of the breakout.
In summary, a Bullish Continuation Wedge is a pattern that indicates a temporary pause in an uptrend, with the ultimate resolution being a resumption of the upward movement. Trading decisions based on this pattern should be supported by additional analysis and risk management techniques.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
Pocket Pivot in MTARTECHMTARTECH was in a Base formation for weeks. Now the stock is at Pocket Pivot, Supported by Volume, MA and price action. Monthly Resistance is 2330.
