MMTC - Double digit stock + Trendline Breakout

Updated
πŸ“Š Script: MMTC (MMTC LTD)
πŸ“Š Nifty50 Stock: NO
πŸ“Š Sectoral Index: NIFTY 500
πŸ“Š Sector: Services
πŸ“Š Industry: Commercial Services & Supplies

Key highlights: πŸ’‘βš‘

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
πŸ“ˆ Crossover in MACD .
πŸ“ˆ Already Crossover in Double Moving Averages.
πŸ“ˆ Volume is increasing along with price.
πŸ“ˆ Script has given Trendline Breakout.
πŸ“ˆ Current RSI is around 69.
πŸ“ˆ MMTC Consolidation near the breakout region.
πŸ“ˆ Rejection 3-4 times and then breakout.
πŸ“ˆ Green volume spikes in volume.
πŸ“ˆ Showing momentum in weak market.
πŸ“ˆ One can go for Swing Trade.

⏱️ C.M.P πŸ“‘πŸ’°- 44.10
🟒 Target πŸŽ―πŸ† - 50
⚠️ Stoploss ☠️🚫 - 41

⚠️ Important: Always maintain your Risk & Reward Ratio.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

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Happy learning with trading. Cheers!πŸ₯‚
Trade closed: stop reached
STOPLOSS HIT ON 1ST SEP
Chart PatternscommercialsconsolidationbreakoutTechnical IndicatorsMMTCnifty500Trend AnalysisTrend Line Break

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