MMTC Hammer!MMTC is looking good for a reversal and hold for the target of 80-85. If it breaks the resistance then we can expect a new rally for 100+ Keep your NOTE: Study before investing into the stocks.by tradingcultsUpdated 10
Inverted Head & Shoulder BreakoutThe stock has experienced an inverted head and shoulders breakout over a period of ten years. Buy for Target of 129/290/590/1190Longby pdmehta353
MMTCMulti-year range breakout. Watchout for overbought RSI levels around 80 which may lead to some cooling off consolidation but apart from that no resistance on the upside till 2x. Disclaimer: Intended for educational purpose only and it's not a buy or sell recommendation. Longby Finomir7
10 Years breakout good potential small cap stockMMTC trading at 74.90 which gave a range breakout of 10 years and it's looks good for long after give retracement near 64.60. TGT 1 : 105 Note: I'm not SEBI registered. Consult your financial adviser before take a trade.Longby mangleshrajput029Updated 227
MMTCMMTC is hovering around it's multi-year breakout zone. Above 72 it can bring another milestone of 100-120. Other scenario, it can consolidate for a week or two after breakout.Longby tradingcultsUpdated 7
MMTC multiyear breakoutfrom 2014 stock below level 70 now with volume breakout given hold for longer target Longby ManojTembulkarUpdated 32
MMTC - 10 yr saturation breakout4th of 8 stock of Feb It has break 10 years of saturation. We can expect a good move in MMTCLongby TheTradingEra10
MMTC SWING TRADE IDEAMMTC very much near to rounding bottom chart patterns neck zone if this gives breakout of this weekly resistance zone as well as rounding bottom chart pattern neck zone you with strong bullish candle with gud volume bar can play for swing trade with your prefered RR.by Vintage_Trader0074
MMTC Multibagger stocksMMTC Possible upcoming years multibagger stock minimum target possible 119-147-189 what to say about MMTC ?? cmp.60.40Longby lashkarikartikUpdated 61
Trying to break 10 year resistance - Good momentum10 yr Resistance breakout lets wait for it to close above resistance zone then we can enter or in retest we can enter. We can see good momentumLongby TheTradingEra11
MMTC channel Breakout MMTC channel breakout, can expect to go up till 90, where there can be another resistanceLongby karthikpnair3
Lessons of Trading by News - MMTC - "Let it" or "Delist it" ???Time and again the stock market gets some knee jerk reaction from Investors based on some Hot News. But most news are shortlived and forgotten in forthcoming days. One such interesting counter is MMTC - A PSU Mineral Trading Company with 89% stake with Govt of India. Technical Analysis: Monthly - Inverted Head and Shoulder pattern indicating a Multi-bagger return Our initial position was at 61.55 levels and booked profit around 87-88 in just 1 month The primary reason to book profits was due to a Hot News in October from Govt that they are going to De-list the company. The counter eroded all gains within same month and fell below our entry point. For next 2 months - there is no News about de-listing - no progress - and all the Hype settled down and now when I look at the charts - its back to its beauty. You won't even remember that something happened in Oct looking at the chart now. The Original Tech pattern (Inv H&S) is still perfectly intact MMTC is once again on the verge of Breaking Out the Inv H&S pattern. It has to settle above 68 WCB for neckline BO confirmation Further it also has to close above 72 WCB for resistance BO and further upside CAUTION: New Entrants / Safe Players - please AVOID this counter. There is still no clarity on delisting process from Govt. Existing players hold for further gains and make most out of this until you see a significant reversal Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-TrendsLongby Stocks-n-Trends5
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.Longby Happy_Candles_Investment2
MMTC has give a strong breakout on daily chartMMTC has give a strong breakout on daily chart with huge volume . now we can enter on retest.Longby TITC1112
MMTC15/10/2023 MMTC: Cup pattern CMP: 74.60 Target: 10 to 30 % SL:68.5 Information is only for study purposeby vikas011978Updated 31
MMTC looks bullishMMTC looks bullish on Monthly, Weekly and daily timeframes. The volume has increased significantly in the last few sessions. The price has broken its strong resistance @ 68 levels with significant volume. It had been consolidating for quite a few years. It oscillated between 10 to 60 range for a while. One can call it rounding bottom, C&H pattern. If it retraces near 70 levels, it would be a good buy and can achieve 1:3.5 risk-to-reward ratio.Longby vikasbhekare2
MMTC - Huge volume seen with a ten year long breakout MMTC - Huge volume seen with a ten year long breakout , similar to Tanla @ 92.00 by KarthikramChitavaramSreenathan1
MMTC - Long Term Investment Opportunity. Potential Multibagger. MMTC - Long Term Investment Opportunity. Potential Multibagger. Consolidated for 10+ years, Financials are improving, Reduced debt over years, improving free cash flaw & Cash and equivalents. Important levels - Stop loss and targets are shown on the chart. #multibagger #investing #wealth #stocks #sharemarket. Longby TargetRedefined4
MMTC Ltd.*MMTC Ltd.* Inverse H&S; Formation on Decadal Basis. Strong Price BreakOut & Sustained. Strong Vol. Consolidation, Continued Heavy BuiltUp. RSI: 1H < DM *Trail SL with Upside." Book Profit as per Risk Appetite* NINL sold to Tata Steel for Rs.12K. Sharp Improvement in B/S. A 1963 Estab. PSU engaged in International Trading of Commodities. Do Your Own Research as well. This is an Opinion. Happy Investing 😇 Longby IdeasNeosagi15
MMTC Monthly ChartMMTC on Monthly breakout. It has given breakout of Head and Shoulder Pattern with Strong volumeLongby Mandy222
MMTC - Solid pick for Mid TermThe stock is trying to move out of 10 years old consolidation base formed. Chart looks very strong in 3M, M. Next resistance at 130-140 zone. Happy trading!Longby Rugminik2229
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 Longby AbNamjoshi5