MMTC - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.2

📉 Intraday Trade Assessment for MMTC

MMTC shows mixed signals for intraday trading today. While the stock is technically near key moving averages and has seen a recent profit spike, several red flags suggest caution.

⚠️ Key Observations

Momentum Indicators

RSI at 57.9 is neutral — neither overbought nor oversold.

MACD at 0.32 is positive but weak, indicating limited momentum.

Volume

Current volume (7.61 lakh) is significantly below the 1-week average (12.32 lakh), suggesting reduced trader interest.

Price Action

Trading near both 50 DMA (₹65.2) and 200 DMA (₹66.8), indicating indecision.

Valuation Concerns

Extremely high P/E of 209 and PEG ratio of 7.20 imply overvaluation.

EPS is just ₹0.50, and ROE/ROCE are modest.

Fundamentals

PAT jumped this quarter but is volatile (previous quarter was just ₹0.27 Cr).

No dividend yield and flat institutional holding changes.

🎯 Optimal Buy Price for Today

Buy Zone: ₹65.0–₹66.0

Entry near 50 DMA offers a tight risk-reward setup.

Avoid chasing above ₹67 unless volume spikes.

📈 Exit Levels for Profit-Taking & Stop-Loss

Strategy Price Level (₹) Rationale

Target 1 68.5 Minor resistance zone

Target 2 70.2 Momentum extension target

Stop-Loss 64.2 Below 50 DMA and recent support

🕒 If You Already Hold MMTC Today

Exit on Weakness

Price drops below ₹64.5 with rising volume.

RSI dips below 55 or MACD turns negative.

Exit on Strength

Price nears ₹68.5–₹70.2 with declining volume or bearish divergence.

Watch for reversal candles or sudden drop in intraday OI.

This setup is best suited for nimble traders with tight discipline. Let me know if you'd like to track this live or compare with other mid-cap momentum plays.

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