MTNL rising from supportLooking good for swing as price going up from weekly support. Rsi bouncing back from 40 level, which is a good sign.
MTNL trade ideas
MTNL Can boom from hereMTNL can double from here with in few years. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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MTNLWeekly Breakout with Huge Volumes.
Above all Key EMA.
Good for Short Term.
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Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Analyzing my mistake in MTNLThis is just something I wanted to share and put out on my blog in regards to where I should’ve entered. Over here I was waiting at the Weekly FVG to be tapped into. However, today I have learnt that if the EMA is acting as a FLOD then it is harder for the scrip to fall into the weekly FVG and is likely to take support in the Daily FVG. This is not a buy sell reco, this is just something I learnt today and wanted to share. Hope you guys enjoyed. NSE:MTNL
MTNLMTNL is trying to break it's 12 yrs long resistance zone of 40-42. Stock has formed rounding bottom pattern with high volumes at breakout levels. Levels of 60-80-100 can be seen in short to long term. Don't forget that it's also an underperformed PSU stock.
MTNL trying to bounce from a rejection levelMTNL after few weeks of consolidation is again trying to regain prior highs. The stock is bouncing from 0.382% fibo levels and has given a close above prior resistance levels. Looks prime to attain recent highs in coming weeks.
Disclaimer- Only for education purpose.
MTNLMTNL for Investment
Holding Period - 3/6 Months
Stop Loss and targets clearly mentioned
***I am not SEBI Registered. All my charts and analysis are only for educational purpose not for trading purpose.
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MTNL NSE BULLISHVIEW ABOVE 24.3MTNL NSE is bullish if 24.3 Holds. New 52WeekHigh. Positive trend. Fresh Breakout.
**** Educational purpose only.
Symmetrical Triangle BreakoutMTNL broken triangle pattern, expected targets are marked on the chart for long term investment.
Let's see..
MTNL may be good choice for cheap thrillersNSE:MTNL
On monthly chart of MTNL its looks like accumulating between the are of 9.75 and 39 which may be a good chance for long term investors. chart of the same is attached below.
On weekly chart though it has given a breakout to the ascending triangle (I don’t follow this kind of patterns. I just draw up and down trend line as chart suggests me) and breakout seems to be solid.
I personally would prefer to trade this counter for short term with target of 40-45 by keeping my SL at 9-8 current market price is at Rs.12/-.
Do note there was been news about merger of MTNL with BSNL and I don’t know the result of the same. Stock just pop in my screener and chart confirms bullish move hence sharing the same with you all. So before going for investment or for short term trade take a advice of your financial adviser.
one can consider this only for educational purpose.
