MTNLWeekly Breakout with Huge Volumes.
Above all Key EMA.
Good for Short Term.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
MTNL
#HATHWAY 20 Tgt 26 SL 18 (33%+) Buy Recommended - Rachit SethiaHATHWAY 20
TARGET 26++
SL 18
Return 33%++
RR > 3.7
TF < 8Months
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
MTNL trying to bounce from a rejection levelMTNL after few weeks of consolidation is again trying to regain prior highs. The stock is bouncing from 0.382% fibo levels and has given a close above prior resistance levels. Looks prime to attain recent highs in coming weeks.
Disclaimer- Only for education purpose.
#TATACOMM #RCOM #MTNL #JIOINFOCOMM #BHARTIARTL #TTML #IDEA #BSNLNSE: TATACOMM
CMP 1125
Target 1222 // 1313 ~16%
Stop Loss 1049 trail
RR ~ 2.5
TF < 3M
NSE:TATACOMM
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
MTNL may be good choice for cheap thrillersNSE:MTNL
On monthly chart of MTNL its looks like accumulating between the are of 9.75 and 39 which may be a good chance for long term investors. chart of the same is attached below.
On weekly chart though it has given a breakout to the ascending triangle (I don’t follow this kind of patterns. I just draw up and down trend line as chart suggests me) and breakout seems to be solid.
I personally would prefer to trade this counter for short term with target of 40-45 by keeping my SL at 9-8 current market price is at Rs.12/-.
Do note there was been news about merger of MTNL with BSNL and I don’t know the result of the same. Stock just pop in my screener and chart confirms bullish move hence sharing the same with you all. So before going for investment or for short term trade take a advice of your financial adviser.
one can consider this only for educational purpose.