Trade Setup
📌 Stock: MMTC (
MMTC )
📌 Trend: Strong Bullish Momentum
📌 Risk-Reward Ratio: 1:3 (Favorable)
🎯 Entry Zone: ₹64 (Breakout Confirmation)
🛑 Stop Loss: ₹60.23 (Daily Closing Basis) (~6.1% Risk)
🎯 Target Levels:
₹66.11
₹68.20
₹70.49
₹72.75
₹75.31 (Final Target)
Technical Rationale
✅ Bullish Flag & Pole Breakout - Classic trend continuation pattern confirming uptrend
✅ Strong Momentum - Daily RSI > 65 & Weekly RSI >50 (Bullish zone)
✅ Volume Confirmation - Breakout volume 14.13M(while posting) vs previous day's 1.96M (Nearly 7x surge)
✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength
Key Observations
• The breakout comes with significantly higher volume, validating strength
• Well-defined pattern with clear neckline breakout
• Conservative stop loss at recent swing low
Trade Management Strategy
• Consider partial profit booking at each target level
• Move stop loss to breakeven after Target 1 is achieved
• Trail stop loss to protect profits as price progresses
Disclaimer ⚠️
This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information.
What do you think? Are you watchingMMTC for this breakout opportunity? Share your views in the comments!
📌 Stock: MMTC (
MMTC )📌 Trend: Strong Bullish Momentum
📌 Risk-Reward Ratio: 1:3 (Favorable)
🎯 Entry Zone: ₹64 (Breakout Confirmation)
🛑 Stop Loss: ₹60.23 (Daily Closing Basis) (~6.1% Risk)
🎯 Target Levels:
₹66.11
₹68.20
₹70.49
₹72.75
₹75.31 (Final Target)
Technical Rationale
✅ Bullish Flag & Pole Breakout - Classic trend continuation pattern confirming uptrend
✅ Strong Momentum - Daily RSI > 65 & Weekly RSI >50 (Bullish zone)
✅ Volume Confirmation - Breakout volume 14.13M(while posting) vs previous day's 1.96M (Nearly 7x surge)
✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength
Key Observations
• The breakout comes with significantly higher volume, validating strength
• Well-defined pattern with clear neckline breakout
• Conservative stop loss at recent swing low
Trade Management Strategy
• Consider partial profit booking at each target level
• Move stop loss to breakeven after Target 1 is achieved
• Trail stop loss to protect profits as price progresses
Disclaimer ⚠️
This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information.
What do you think? Are you watching
MMTC for this breakout opportunity? Share your views in the comments!Giao dịch đang hoạt động
1st Target Completed......Enjoy the moneyrain guys.......Đóng lệnh: đạt mục tiêu
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.