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Govt to bid for mtnl properties. News based event but a big volume hike with marubozu candle. bullish on this stock. Only for educational purpose.
MTNL looking good @ 27 for short-term gain. It gain give 60-70% gain from here.
MTNL range break out with volumes indicate Big upside in coming months. As the Land Bank story yet to play out some Good news in near future. Targets of 94/150/196 can be expected in next 6months. 5% allocation of fresh capital can be allocated. Above views Educational purpose only.
This stock can give a TTML like rally. Target : 200 Multibagger Stock. Accumulation range : 22-30 SL : 20 WCB Only for educational purpose. Not a recommendation.
MTNL has broken 9 years old trend line, reasons for long 1. Multiyear trendline breakout 2. High volumes 3. Sector bullish 4. Broken recent resistance 5. RSI bullish Disclaimer, for learning purposes.
The stock is testing it's 9-year-old monthly trendline and looks good (strictly positionally) above 24.4 level for targets of 26.5 and 28 respectively. Learn & Earn, Dr. Tanya Kumar
inverted head and shoulder pattern formation also multiyear trendline breakout is possible
1. MTNL has given a stellar upmove of 30% in last 1 week on the rumours of it being privatised. 2. It's currently at strong resistance and also has a strong support @15 3. I would advise to wait for some correction to re-enter around 15 levels or let it cross previous peak i.e. enter again 30+. Till then it's risky to enter in the middle of the move.
MTNL breakout, looking towards, a narrow space forcing an upwards move.
turnaround in RSI and MACD ; sharp breakout fron downtrend indicates reversal
CMP 16.5 The upper trendline has been acting as resistance multiple times. Chances of a breakout.
Buy on Dips. Don't go all in. It would be good to invest some now and it can revert pretty quicky. High risk. High reward situation right now.