Pattern looks like price is moving inside an ascending channel but it is a rising wedge pattern of cycle degree (abcde) with each primary wave forming 3 wave formation (ABC).
Good to buy around 1620 for a target of 3250 with SL at or below 1450. (Approx. 100% ROI)
Stop loss is mandatory.
Technically RSI is in highly oversold territory.
Fundamentally company has...
MTAR Technologies was established in 1970, it is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries.
As of 31st March 21, The company has an order Book of Rs. 416 Crores. The order book is divided into:
Space & Defence: 36%
Clean...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Fresh Entry X/2 can be taken at CMP as it seems to have formed a bottom near 1643 levels. X/2 entry can be taken above 2018 closing. Target 2200, 2500 in the long term. Stop loss closing below 1500. FOR EDUCATION PURPOSE ONLY.
