Momentum Pick - Buy Mmtc Ldt For Target Rs. 46.50 HDFC Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/8dae64b2625c45027022fc1c5029f019.jpg)
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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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