MTL Analysis
Closed at 569.71 (09-05-2026)
Positive Points:
> Strong Bullish Divergence
> 50% Retracement
> Fundamental Developments including sale of combined harvestor & also
buying some land for dairy business(not officially announced though).
> Bullish Pennant pattern; targeting around 1000 - 1100. However 750 - 770
is the strong resistance zone that needs to sustain for the upside target of 1000+
> Breaking 460 may bring more selling pressure towards 410 - 418.
Closed at 569.71 (09-05-2026)
Positive Points:
> Strong Bullish Divergence
> 50% Retracement
> Fundamental Developments including sale of combined harvestor & also
buying some land for dairy business(not officially announced though).
> Bullish Pennant pattern; targeting around 1000 - 1100. However 750 - 770
is the strong resistance zone that needs to sustain for the upside target of 1000+
> Breaking 460 may bring more selling pressure towards 410 - 418.
Trade active
Still Valid!Trade closed: target reached
595+ :-DNow Trailing Stoploss should be 545.
Note
613+ :-DTrailing Stoploss should be 558 Now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.