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Mtartechanalysis

MTAR Technologies bottoming outPattern 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!!
NSE:MTARTECHLong
by Swastik24
MTAR Technologies Trend AnalysisMTAR Technologies was established in 1970, it is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries. As of 31st March 21, The company has an order Book of Rs. 416 Crores. The order book is divided into: Space & Defence: 36% Clean Energy: 35% Nuclear: 29% Clients are: Large MNCs: Bloom Energy, Elbit, Rafael, etc. Government Departments: ISRO, Defence Research and Development Organization, Indira Gandhi Centre for Atomic Research, etc. Indian Companies: HAL, BHEL, Bharat Dynamics, etc. Co. has Added 3 new MNC Customers during FY21: Andritz, Kongsberg & Tata Advanced Systems. Top 3 clients contribute to roughly 80% of the Revenue (Bloom energy - 49%, Nuclear Power Corporation of India Limited - 23%, ISRO - 7%) Balance sheet shows steady growth since 2017. Technically highly bearish with head and shoulder pattern formation as highlighted. Good to accumulate around 1050 to 1150 levels with SL @ 1000 for the following targets: Medium term swing target @ 1975 (80% ROI with 8.75 R:R) Long term swing target @ 2550 (132% ROI with 14.5 R:R) Long term positional target @ 3400 (209% with 23 R:R) Do your own due diligence before taking any action. Peace!!
NSE:MTARTECHLong
by Swastik24
MTARTECH - Swing trade🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:MTARTECHLong
by PrakWorld_Traders