MTARTECH Surges! Long Trade Hits All TargetsMTAR Technologies (15-Minute Timeframe): All Targets Hit!
Trade Details:
A textbook long trade setup on the 15-minute timeframe, perfectly executed using the Risological Trading Indicator . The trade delivered outstanding results with all targets achieved.
Key Levels:
Entry: 1583.90
Stop Loss (SL): 1570.45
Take Profit Targets:
TP1: 1600.50
TP2: 1627.35
TP3: 1654.25
TP4: 1670.85
Performance Analysis:
The strong uptrend, confirmed by moving averages and consistent bullish momentum, aligned with the indicator’s signals. The precise entry point and systematic target levels ensured maximum profit extraction.
Trade Outcome:
Every profit target was hit, reflecting the robustness of the strategy. Traders capitalized on a swift and powerful move, making this trade a standout performer.
Stay tuned for more opportunities like this with the Risological Indicator!
Mtartechnologies
MTAR Technologies bottoming outPattern 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 shown good revenue growth and net profit has declined due to margin pressure.
Do your own due diligence before taking any action.
Peace!!