NSE: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%+
MMTC 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...
NSE: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.
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.