MTAR Technologies bottoming out
Pattern looks like price is moving inside an ascending channel but it is a rising wedge pattern of cycle degree (abcde) with each primary wave forming 3 wave formation (ABC).
Good to buy around 1620 for a target of 3250 with SL at or below 1450. (Approx. 100% ROI)
Stop loss is mandatory.
Technically RSI is in highly oversold territory.
Fundamentally company has shown good revenue growth and net profit has declined due to margin pressure.
Do your own due diligence before taking any action.
Peace!!
Good to buy around 1620 for a target of 3250 with SL at or below 1450. (Approx. 100% ROI)
Stop loss is mandatory.
Technically RSI is in highly oversold territory.
Fundamentally company has shown good revenue growth and net profit has declined due to margin pressure.
Do your own due diligence before taking any action.
Peace!!
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