MMTC - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 3.5

MMTC Ltd shows limited potential for intraday trading today, with mixed signals across momentum indicators, volume, and price action. Here's a detailed breakdown

⚙️ Technical & Momentum Analysis

Price Action: Current price is ₹66.27, recovering from a recent low of ₹64.4 and hitting an intraday high of ₹69.47

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. This bounce suggests short-term buying interest but lacks strong follow-through.

Volume: Today's volume (17.3 lakh) is above average (10.6 lakh), indicating active participation, but not necessarily bullish conviction

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Momentum Indicators

RSI: Neutral at 47.56 — neither oversold nor overbought

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MACD: Slightly negative at -0.08 — neutral to bearish crossover

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ADX: Weak at 12.83 — indicates no strong trend

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SuperTrend: Bearish at ₹74.16 — price is well below this level

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VWAP: ₹78.45 — current price is below VWAP, suggesting downward bias

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💰 Optimal Buy Price (Intraday)

Buy Zone: ₹64.50–₹65.00 (only if price dips and shows reversal signs)

Confirmation: Look for a 5-min candle close above ₹65.00 with rising volume

Avoid Buying: If price opens above ₹67.23 and fails to sustain — this could trigger a pullback

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🎯 Exit Levels

Type Price Range Strategy

Profit Target 1 ₹67.20–₹68.40 Conservative exit near resistance zone

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Profit Target 2 ₹69.50–₹70.10 Aggressive exit if breakout sustains

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Stop Loss ₹64.30 Below recent support and intraday low

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📈 If You Already Hold MMTC Today

Exit Signal

If price fails to hold above ₹66.00 and volume drops

If MACD diverges negatively or RSI dips below 40

VWAP Breach: If price fails to reclaim ₹78.45 VWAP, consider exiting on weakness

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Momentum Fade: Watch for bearish candles near ₹67.20–₹68.00 zone — this is a likely reversal area

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🧠 Final Thoughts

MMTC is not ideal for aggressive intraday trading today due to weak trend strength and neutral momentum. However, range-bound scalping between ₹64.50–₹68.50 may be viable with tight risk controls. Avoid chasing breakouts unless volume and price action confirm.

Would you like a comparative intraday setup for similar midcap trading stocks?

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bing.com

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intradayscreener.com

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dailybulls.in

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