MMTC DOUBLE BRAKEOUT ON DAILY CHARTNSE:MMTC
MMTC Gives brake out on daily chart.
Buy Near 80
Sl 72
Target 98
Time duration 1 month
Risk Reward Ratio ---- 1 : 2
Profit on capital Ratio ---- 20%+
Mmtclong
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.
MMTC Positional Buy IdeaNSE:MMTC has given a breakout above level of 31 which is almost after 1.5 months. As per my analysis, it is the best time to take buy entry at level of 31 with stop loss of 26 (-5 points risk).
My expected upside target would be 34.50 (+3.50) & 41 (+10).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Positional BULLISH View on MMTC As per technical analysis, my ides is to go bullish on NSE:MMTC
It is the right time to enter at the level of 37.40, then hold positional up side target of 38.80, 40.20, 42.30 & 43.70
My stop loss will 35.50. It would be best risk and reward ratio.
Note: This is my personal analysis, only for learning.
Thanks.
MMTCFollowing the trend MMTC . This is just for learning and not a trading advice . Please follow the trend and go the market flow
