MMTC - Swing Trade Analysis

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

Swing Trade Rating: 2.3

📊 Technical & Momentum Indicators

Current Price (₹66.0) is below both 50 DMA (₹67.8) and 200 DMA (₹67.9) — bearish short-term trend.

RSI (40.2): Weak momentum, nearing oversold territory but not yet a reversal signal.

MACD (-0.65): Bearish crossover, confirming downward pressure.

Volume: Slightly below 1-week average — no strong buying interest.

📉 Fundamental Weakness

P/E (101) vs EPS (₹0.58): Extremely overvalued relative to earnings.

PEG Ratio (3.50): Indicates poor value for growth — unattractive for swing trades.

ROCE (7.69%) & ROE (5.86%): Weak profitability.

PAT Decline: ₹3.63 Cr to ₹1.92 Cr — sharp drop in earnings.

Dividend Yield (0%): No passive income incentive.

Book Value (₹11.4) vs Current Price (₹66.0): Trading far above intrinsic value.

✅ Positives

Debt-Free: Clean balance sheet.

52w Index (31.8%): Decent annual return, but largely driven by speculative spikes.

Face Value (₹1): Low denomination, often attracts retail traders for volatility.

⚠️ Swing Trade Strategy

Not a strong candidate for swing trading due to poor fundamentals and weak technicals.

If you must trade, wait for RSI to drop below 35 and MACD to flatten — potential bounce zone.

Optimal Entry Price: ₹60–₹62 (closer to support zone).

Target Exit Price: ₹75–₹80 (short-term resistance).

Stop Loss: ₹58 (below recent support).

🧭 If You Already Hold the Stock

Exit on any bounce toward ₹75–₹80.

Cut losses if price breaks below ₹58 with volume.

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