Mamta machineryDisclaimer - Not Buy Sell Recommendation.
Not Sebi Registered
Mamta Machinery on 4 hr time frame. cup and handle
Mamata Machinery Ltd.
No trades
Market insights
Mammata Machineryaccumulate till 455 & 420...avg 438...
exit and target point mentioned with RR Tool
MAMATA MACHINERYTP HIT !!!
Had taken this stock at golden zone of fibnoacci retracement and had targeted the last high.
Although i closed all my positions at 1st TGT, the stock did hit my TP
MAMATA MACHINERY LONG CALLDrew a Fibonacci Retracement from swing low to swing high, marked the golden zone.
Waited for the price to tap into the golden zone and show some sign of upward movement
Captured a 1:1.7 RR trade, could have held till 500, but they say greed kills a man.
And hence, booked my profit.
Also, captured this trade in just 2 Days!!
MAMATA - Head & Shoulder patternComment below what you observe in the chart.
All details are given on chart for educational purpose only. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
Momentum Trade in Mamata Machinery1. Round Bottom pattern
2. Good Volume
3. HH-HL Structure
4. RSI above 50
5. MACD signal turning green
Breakout in Mamata MachineryIT's a breakout in mamata machinery on daily frame above 397. Go long in this stock and on the upside, targets are 406, 420 & 450 +
Stoploss against this investment can be placed near 360.
