MTAR Technologies
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MTAR Technologies — a leading Indian precision engineering & manufacturing company catering to Space, Defence, Civil Nuclear & Clean Energy verticals.
On the technical side, the stock has qualified under our #VGM framework by delivering a clean DTB above the Bullish MAST indicator. Last two columns have not touched the MA and there is no immediate DBS, improving conviction.
Price structure shows a Trap + Anchor Follow-Through, opening vertical counts up to ~5100 and potentially higher. For now, we are considering the first count which is ~2x from current levels and offers an attractive Risk-Reward profile.
Investors & traders can keep the stock on radar and participate as per their own system.
Nishesh Jani,CFTe
#MTAR #StockMarketIndia #VGM #Momentum #PriceAction #TechnicalAnalysis #Investing #Trading #Space #Defense #CleanEnergy #nisheshjani #AhmedabadNest
