Millat Tractor - Break out from Triangle signals Bearish RunMillat Tractor has broken out of Ascending Triangle pattern. Price has sustained in lower half of RSI as well. We are in for a bearish run.by marazzaq62Updated 4
MTL MTL Expected move 570, consolidation would be a good sign to start the bullish move, if the price needs to cross 615 to start a Bullish trend. Failure or closing below 570 again leads to a below Green Demand Zone.Shortby prokhalidraza5
Millat Tractors Ltd (MTL)Recommendation: Buy Target Price : 676.85 Buy : Current price Stop Loss: 515.27Longby kashifihsan721
Bearish divergence in MTLA bearish divergence is visible in MTL in a daily timeframe. There is a possibility that the current uptrend will reverse into a downtrend. If the current HL is broken, taking a short position with the indicated levels in the chart will be a good point.Shortby wakqas121
Trend is Bullish. Current Resistance is around 680. It should Not Break 568 in worst case. However, Trendline Support should be respected.by House-of-Technicals4
MTL PSX KSE100Price is in Up-Trend marking HH, and HL respectively through the parallel channel. No Divergence was seen on (RSI). Price is Near the support line, previously multiple times the price honor channel's bottom line. Bears lose control over Volumes and bulls take the charge. Price anticipating to form AB=CD harmonic pattern.Longby prokhalidraza4
Keep an eye on it!The price movement is exhibiting a pattern of rejection from a descending trend line. Presently, support is delineated within a range of 550-555, constituting a trial of the ascending trend line, from which a retracement is anticipated. The 50% retracement level is situated at approximately 615, serving as a test of the descending trend line, which functions as a resistance threshold, potentially eliciting further rejection. Should the trend line breach and maintain a position above this level, subsequent resistance is projected at approximately 642 and 676. Conversely, a breach of the support at 550 would likely sustain bearish momentum.Longby mbaberhanifUpdated 333
MTL ANALYSIS(INTRADAY/SHORT SWING)MTL appears poised to reach new highs not seen since December. However, there's a formidable resistance at the monthly channel top, indicating a potential reversal. 📈 Despite this, bullish signals from key indicators like RSI above 70, along with a positive ADX and DI+, suggest a favorable outlook for long positions. 🚀 Let's remain optimistic and anticipate positive developments. Consider selling a portion of your position, around 30-50%, when MTL reaches the range of 670-680. This strategy allows you to secure profits while staying exposed to potential further upside movements. 📉📈Longby Earn_withHassaan3
MTL - ACCUMULATION PHASEMTL is in accumulation phase on daily chart, it might go upward in the coming days. if it breaks the supports then it might fall more below.by MSafwanS111
MTL - UPTRENDMTL is going to break its previous lower high and might reverse the trend in upward direction.Longby MSafwanS3
MTL - BearishMTL is showing downwards trend, making Lower Highs and Lower Lows which indicates a bearish trend.Shortby MSafwanS1
MTL🚀 Stock Alert: MTL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 550 🎯 Targets : 600 (9.09%) ⚠ Stop Loss: 525 🏅 Risk & Reward Ratio = 1 : 2 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: Break out and retest is observed from the trend line as shown in the technical chart. Long position can be considered around 550 for the target of 600. Stop loss can be placed below 525. 📰 Fundamental View: In Q1 FY24, Millat saw strong performance with 7,187 units sold, a 347% increase in profit, and a 48.27% rise in sales compared to last year. Revenues soared by 199%, reaching PKR 22.62 billion. Gross margins improved to 23.43%. With relaxed import regulations, sales are expected to continue growing. Recent data shows a 10% increase in units sold in Q2FY24. Expected EPS for 1HFY24 is PKR 27.5, with a likely dividend of PKR 25 per share. Millat's market dominance and focus on the agri-economy make it an attractive investment, especially if prices dip.Longby mbaberhanifUpdated 226
MTL PSX KSE1001. Price action can be seen due to outstanding results 2. Any closing above 570 leads to 600 --> 630 --> 680 3. 9 March 2024 I see a price of MTL around 850Longby prokhalidraza6
Head & Shoulder PatternBuy Above 570 Sell around 590 then 605 Stoploss 540 (Closing Basis)by House-of-Technicals1
MTL is Bullish MTL is currently extremely bullish, as it has successfully printed a new high low for the on-going rally. It is all set to take the downward correction trend line, and a break out above 590 would confirm the new upward move. Targets are mentioned on the chart. Longby Fahad-Rafique5
BullishBuy Call # 145 - MTL Call Date: 01-02-2024 Quick Trade: Buy around 520 - 525 with Stoploss of 504 Sell around 545 then 570 For Patient Traders: Buy1 around 498 - 500 | Sell around 545 - 548 Buy2 around 448 - 450 | Sell around 490 - 495 Stoploss 415 (Closing basis)by House-of-Technicals2
Millat Tractor for long termOpportunities 01, It is a strong share as well as the biggest player in the PSX market. 02, Dividend and bonus share-based share. 03, Fundamentally strong company in the tractor sector. 04, Buying opportunity for the long term is 519, 482 after the trend analysis. Threat 01, Current Political Situation. 02, Low volume yet. 03, The Super trend still is red. 04, The Moving average is still showing downside. by PakistaniInvestores4
MTL is BullishMTL is in a strong bullish rally, and is expected to continue this momentum by printing new higher highs in coming days/weeks.Longby Fahad-Rafique2
MTL PSX Millat Tractor LimitedMomentum is so Strong what do you guys think is enough to Break the Channel? The above Rs: 500 Closing is Important?Longby prokhalidraza7
Technical Analysis of Millat TractorsIt looks like the following downtrend in the future b/c, it is currently trading at the supply zone conformed by the trend line, and volume is low, 100 index is an all-time high of last year, a clear divergence conformed trend reversalShortby PakistaniInvestores0
MTL-PSX-Bullish TrendMillat Tractor is in Bullish Trend with Higher Highs and Higher LowsLongby usmanbinshafiq0
Millat Tractor - Another Bull RunMillat Tractor seems to be bracing for another bull run after retesting the immediate support level. Longby marazzaq621