MMTC- Technically visible U-turn
Atualizado
MMTC is a company which has one of the worst fundamentals among all PSUs
News of company being scrapped were in market couple of months ago.
Only investors with high risk appetite and disposable money should be interested in this stock.
Technically, a monthly closing above 70 will be confirmation for huge breakout. Previous attempt failed but now we have only 3 sessions so worth the risk for big targets.
Good volumes are seen in past 6 months which means something big is cooking, either upside or downside. Be prepared for both if interested to invest.
If breakout is genuine, definitely huge upside potential as ATH is above 1000 which is more than 15x of CMP .
News of company being scrapped were in market couple of months ago.
Only investors with high risk appetite and disposable money should be interested in this stock.
Technically, a monthly closing above 70 will be confirmation for huge breakout. Previous attempt failed but now we have only 3 sessions so worth the risk for big targets.
Good volumes are seen in past 6 months which means something big is cooking, either upside or downside. Be prepared for both if interested to invest.
If breakout is genuine, definitely huge upside potential as ATH is above 1000 which is more than 15x of CMP .
Nota
keep in watchlist. above 100, stock can flyNota
120 done from 75! Stock has crossed the barrier of 100 for now. Lets see if it gives a weekly closing above 100 which will confirm a big bullishness ahead
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