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MMTC LTDMMTC LTDMMTC LTD

MMTC LTD

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MMTC trade ideas

Multi bagger Pick. MMTC. 17/9/23In 2010 , MMTC made its all time high at 1300 . Since then the stock is in down trend. Since July 14 , this stock is taking resistance at 59 . Last week the stock has broken this resistance with huge volume and made a Bullish Khatana candle on weekly chart. The primary reasons I feel this is multi bagger because A. price moved around 50% in a week. This shows some big investor has entered the stock. B. on a longer time frame, around 9 years, this stock has made a text book rounding bottom pattern. The target for this pattern is usually 5X . So considering the current price, it can go up to 300 in next 2/3 years. C. most of the government companies are now getting re-rated and this stock is no exception. D. Anti dumping duty on China made this stock more favorable for investment. Overall, in my opinion, this is worth of a trade. I kept a deep Stoploss of 40 which is around 40% below the CMP . However, if you consider my target price, the RR is 1:12.5 which is excellent. An INVESTOR who is willing to take this risk and can wait for 3 years or plus should enter the trade. Do not buy the stock at one go. Rather accumulate this stock on each dip until it gives weekly closing above 72. Hence, we can average the stock at lower price and achieve a good night sleep too. CMP - 61.6 (17/9/23) T - 70,100,130 W SL - 40 W
NSE:MMTCLong
by AbNamjoshi
MMTC - Double digit stock + Trendline Breakout📊 Script: MMTC (MMTC LTD) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Services 📊 Industry: Commercial Services & Supplies Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 Crossover in MACD . 📈 Already Crossover in Double Moving Averages. 📈 Volume is increasing along with price. 📈 Script has given Trendline Breakout. 📈 Current RSI is around 69. 📈 MMTC Consolidation near the breakout region. 📈 Rejection 3-4 times and then breakout. 📈 Green volume spikes in volume. 📈 Showing momentum in weak market. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 44.10 🟢 Target 🎯🏆 - 50 ⚠️ Stoploss ☠️🚫 - 41 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:MMTCLong
by radha_23
4
MMTC stock can be the positional trade of the day.The video is self-explanatory. Add this stock to your watchlist. Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. It is an analysis video. Take your decision on your own.
NSE:MMTCLong
by Chartmaniac
MMTC - Ascending Triangle - Short term swing + huge potentialThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on 30 min TF hence price may take few days in order to reach the targets. Trade setup is explained in image itself. To understand why the marked zone of Double Bottom is important, check the below image - For larger perspective and understanding the huge potential, check out the below image - The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:MMTCLong
by AdityaKarn90