mtnl forming pattern & if sustain to close above 16 mark on 05.03.2021 then may go up to 19.40 & more 21++ in coming days. discl.invested
T1 : 12 T2 : 14.75 T3 : 15.50
I personally see that there an be some thing good coming in stock* ( although i dont track them in such price zone) but the stock has good asset in term of land thus could definitely improove its price hero or zero BET
Stock has made a bottom confirmation and is gearing up for more strength! Let's see what happens!!
Weekly Close >26.55 and High >27.45 needed with strength Volume Support Forming Higher Lows CC(D/W)>100 Target 45 Duration: 4-5 months SL: 19.45
MTNL-near dynamic Resistance area
Reversal Confirmation Strength Candle on TGC CCI>100 on all time frames Volume interest Target 42 SL 18.5
MTNL Analysis on Request. MTNL looks good, with good risk to reward. For short term buy with SL of close below 21 Target 28 If trend continues then second target 35
If it breaks 26 with volumes then will test 30 and if it breaks comfortably then 45 - 53. Buy in good quamtities
Momentum is good and testing resistance level. I prefer long at current level BCZ candle close near top of the close so momentum is genuine and volume also confirming same thing. Buy range: 20-25 Target: 38, 48 Sl 19
wait for a break in the neckline first, be wary of a pullback to the neckline before shorting. stoploss would be 21.5 tp1 = 18 tp2= 17.3