MMTC trade ideas
MMTC Non Profitable PSU showing MULTI-YEAR BreakoutNSE:MMTC
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As A Research Analyst ... It is Not an Good Practice to Suggest anyone to invest in Non-Profitable and Loss Making Company....
Every Fundamental Numbers are Either Negative or Not-Satisfying .......
but if we See in Terms of Technical Analysis....
MMTC is Showing Long-Multi-Year Breakout....
so Going with Defined Risk... keeping an Decent Percentage of SL ...
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MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons.
MMTC - Strong Bullish Momentum (Buy & Hold)Technical Analysis of MMTC
Overview of the Stock - The chart presents a technical analysis of MMTC on a 1-hour timeframe. It employs several tools and indicators to assess the stock's potential movement.
Key Indicators and Observations
Price Action: The price has been in an uptrend, with higher highs and higher lows. However, it appears to be facing resistance near the 107 level.
Moving Averages: - The EMA (200, high) is below the current price, suggesting an overall bullish trend.
Fibonacci Retracement: - The price is currently around the 0.5 Fibonacci level, which is often considered a significant support or resistance area.
Support and Resistance: The chart identifies potential support zones between 81 and 101, and a resistance level near 107 also mentioned on the chart
RSI (Relative Strength Index): The RSI is around 47, indicating a neutral to slightly oversold condition.
Buy Signal - The analyst has marked a potential "Buy Zone" between the price levels of 81 and 101 . This suggests that buying opportunities may arise within this range. Additionally, my recommendation to "Buy Above 107" indicates a potential breakout level.
Interpretation
Based on the provided chart, the overall sentiment for MMTC appears bullish . The uptrend, support levels, and potential buy zones suggest opportunities for upward price movement.
However, it's crucial to monitor the price action closely, as it approaches the 107 resistance level. A breakout above this level could signal further bullish momentum.
Important Considerations:
Timeframe: The analysis is based on a 1-hour timeframe. Different timeframes can provide varying perspectives.
Other Indicators: The chart only includes a limited set of indicators. Additional technical analysis tools could offer further insights.
Fundamental Analysis: Technical analysis should be complemented with fundamental analysis to make well-rounded investment decisions.
Further Analysis: - To gain a deeper understanding of MMTC's potential, consider:
Analyzing longer-term charts (daily, weekly)
Incorporating additional technical indicators (e.g., MACD, Bollinger Bands)
Evaluating the company's financial performance and industry trends.
Remember, past performance is not indicative of future results.
Disclaimer: This analysis is based solely on the provided chart and does not constitute financial advice. Always conduct thorough research and consider consulting with a financial advisor before making investment decisions as I am not SEBI registered person and this is my personal opinion about the stock
Thanks for your support as always
MMTC Long term trading IdeaAs we can see stock breakout its darvas Box from long consolidation time correction is already happened in this stock. the stock list in 1300 in 2010 now it went as low as 10rs almost 99% corrected from its peak which is 1300 levels. now company is cleared its debts.
now come to the fundamentals part the stock PE is 78 fall from 177.now it is trade on it median
although quarterly sales and profits are significantly drop from march 2022 but from march 2023 stock change its trend you can analyze the chart on multiple time frame for better undegrading what i traying to say.
if we talk about the technical, stock making higher high from December 2023 with a hug trading volume. bullish crossover in December 2023 RSI is also above 60 on week, day, and month chart it clearly show that stock is in power mode. on 1hr chart stock make a marubuzu candlestick with good trade volume.
stock is for high gain high risk not for safe player
stock can pickup its momentum again but as i always says do your complete research consult your financial advisor before making any investment decision
Educational Content
This stock analysis is designed for educational purposes and should not be taken as professional financial advice. Please carry out your own research or consult with a financial advisor before investing.
MMTC - Strongly Buy & Hold - Ready to ExplodeMMTC Technical Analysis :- As per previous chart history and chart pattern along with my technical understanding at present MMTC is showing mixed technical signals. But my personal opinion about this stock is that this is a PSU stock and still undervalued and you can Buy this stock at CMP@79.31 or wait for a dip to enter in the market
I am strongly Bullish in this stock as this is my personal opinion and I am not suggesting any one to buy this stock because I am not SEBI registered person right now
My Overview:- Their overall technical rating is buy, with short-term (1 week) indicators leaning bullish. However, their oscillator ratings suggest the stock might be overbought in the near term. My analysis is positive, indicating an uptrend and bullish momentum
All points are mentioned on the chart
Important to Consider: - Technical analysis is just one piece of the puzzle. You should also consider fundamental factors and your own investment goals before making any decisions. Technical indicators can be subjective and prone to misinterpretation.
I recommend doing your own research and consulting with a financial advisor before making any investment decisions.
Thanks for your support as always
Lessons of Trading by News - MMTC - "Let it" or "Delist it" ???Time and again the stock market gets some knee jerk reaction from Investors based on some Hot News. But most news are shortlived and forgotten in forthcoming days.
One such interesting counter is MMTC - A PSU Mineral Trading Company with 89% stake with Govt of India.
Technical Analysis:
Monthly - Inverted Head and Shoulder pattern indicating a Multi-bagger return
Our initial position was at 61.55 levels and booked profit around 87-88 in just 1 month
The primary reason to book profits was due to a Hot News in October from Govt that they are going to De-list the company. The counter eroded all gains within same month and fell below our entry point. For next 2 months - there is no News about de-listing - no progress - and all the Hype settled down and now when I look at the charts - its back to its beauty. You won't even remember that something happened in Oct looking at the chart now.
The Original Tech pattern (Inv H&S) is still perfectly intact
MMTC is once again on the verge of Breaking Out the Inv H&S pattern.
It has to settle above 68 WCB for neckline BO confirmation
Further it also has to close above 72 WCB for resistance BO and further upside
CAUTION: New Entrants / Safe Players - please AVOID this counter. There is still no clarity on delisting process from Govt. Existing players hold for further gains and make most out of this until you see a significant reversal
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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-Team Stocks-n-Trends
MMTC trying to gain the lost mojoMMTC Ltd. CMP – 59.95
Market Capitalization Rs 8,992.5Cr
Red Flags:🟥
High Valuation (P.E. = 51.7)
Green Flags:🟩
No debt
Zero promoter pledge
MFs are increasing stake
Improving annual net profit
Improving cash from operations annual
Previous Happy Candles Number – 36/100
New Happy Candles Number – 81/100
Fresh Entry/ averaging / compounding after closing above 61.81
Targets: 62.10 and 67.25
Long term target: 74.80
Stop loss: Closing below 49.40
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.