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* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce.

* Today’s upmove could be considered as an upside breakout of the narrow range movement/immediate resistance.

* The short term trend seems to have turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily/weekly timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

*The intraday/daily RSI is showing positive indication.

* The overall bullish chart pattern of the stock price indicate long trading opportunity. One may look to buy as per the levels mentioned above.

Buy Mmtc Ldt Up to 7 days CMP 42.25 TGT46.50 SL 40

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