MMTC - Technical Analysis

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

Technical Rating: 2.8

Here’s a detailed technical breakdown of MMTC Ltd’s current setup

📉 Trend Status

Current Trend: Reversing to bearish

The stock has broken below key moving averages and shows signs of weakness.

Recent price action suggests a failed attempt to hold above ₹68–₹70, now drifting lower.

📊 Technical Indicators

Moving Averages

50 DMA: ₹67.8 — price is below, indicating short-term weakness.

200 DMA: ₹67.9 — price is below, signaling medium-term bearishness.

RSI (14): 40.2 — approaching oversold territory, but not yet a reversal signal.

MACD: -0.65 — bearish crossover, momentum fading.

Bollinger Bands: Price near lower band, suggesting oversold conditions but not a confirmed bounce.

Volume: Slightly below 1-week average — lack of conviction in recent moves.

📌 Support & Resistance Zones

Level Type Price (₹)

Immediate Support 64.5 – 65.2

Strong Support 61.8 – 63.0

Resistance Zone 67.8 – 69.5

Major Resistance 72.0 – 74.5

Trendlines show a descending channel with lower highs and lower lows — classic bearish setup.

🚨 Momentum Signals

Short-Term Entry Zone: ₹63.5–₹65.0 (only if reversal signs emerge)

Exit Zone / Target: ₹67.5–₹69.0 (if bounce occurs)

Stop Loss: ₹61.5 (below strong support)

⚠️ Conclusion

Momentum: Weak and fading.

Trend Status: Reversing downward after a failed breakout.

Outlook: Cautious. Avoid fresh long positions until RSI improves and MACD flattens.

Watch for: Volume spike + RSI > 45 + MACD crossover for any bullish reversal.

Want me to chart this visually or compare it with similar PSU stocks like STC or Hindustan Copper?

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