MTARTECH - weekly AnalysisIn the Weekly Chart of MTARTECH ,
we can see that, it has given Cup & Handle breakout.
Let it retest. Go Long for MTARTECH.
Possibilities are shown in chart.
MTARTECH trade ideas
MTARTECH 1DTRADING COMMUNITY
JOIN US ONLY IF YOU WANT PEACE AND PROFIT IN YOUR TRADING LIFE.
I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
Goldencross series PT-2:ENERGY,SPACE,DEFENCE player*Goldencross strategy is one of the strategy used for long term investing.
Follow the FIVE rules below:
1)Book 50% profit at TP-1.
2) Book whole profit at TP-2 or wait for death cross and book whole profit when happened.
3) Stoploss is when death cross happened.
4) Wait as long as it hits TP as it is sluggish but strong bullish strategy.
5)Follow above 4 rules.
**CHART IS SELF EXPLANATORY**
#MtarTech #MINDTREE #LTI #LTTS #INFY #TCS #CNXIT #WIPRO #COFORGE#MTARTECH
NSE: MTARTECH
CMP: 1737.80
TARGET: 2200
SL: 1550
RR: >2.5 times
Return > 26%
Timeframe: <6M
CAN BREAK ALL-TIME HIGH IN FUTURE
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.
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With 💚 from Rachit Sethia
BUY MTAR TECHNOLOGIESDelivery:
Buy above 1750
Sell at 1900 2000 2300
Exit below 1500 on daily closing basis
Book profits accordingly.
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!!
M Star Technologies India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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view on MTAR Technologies Ltd.DISCLAIMER: There is no guarantee of profits or no exceptions from losses.
The technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
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
MTAR - Defense Theme Stock. Seems to have formed a bottom.Fresh Entry X/2 can be taken at CMP as it seems to have formed a bottom near 1643 levels. X/2 entry can be taken above 2018 closing. Target 2200, 2500 in the long term. Stop loss closing below 1500. FOR EDUCATION PURPOSE ONLY.
Mtartech look good buy above blue line
trgt 2%- 4%-6%
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
MTARTECH - Classic breakout MTARTECH - Classic breakout.
Daily TF - Simple breakout.
Hourly TF - Retest of the breakout.
MTARTECH makes new high........ BULLISH VIEWMTARTECH nse makes a new high ..... bullish view till it holds above 1560 NSE:MTARTECH
On weekly chart MTARTECH needs to give closing above 1455 On weekly chart MTARTECH needs to give closing above 1455 for targets 1475/1500/1525
MTAR TECHNOLOGIESThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
MTAR: IPO BASE formation completedCwH formation.
with volume push and tech demand, there is a SUPER POSSIBILITY.
Keep an eye
