MMTC - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

Here's a comprehensive technical analysis of MMTC Ltd. based on current indicators and chart behavior

📊 Trend Overview

Current Trend: Sideways to mildly bullish

Phase: Consolidation with weak momentum

Outlook: Neutral bias; lacks strong directional conviction

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹65.2

200 DMA: ₹66.8

Current Price: ₹66.3

Trading between 50 and 200 DMA → signals indecision

No clear crossover → confirms consolidation

🔹 RSI (Relative Strength Index)

RSI: 57.9

Neutral zone (40–60), indicating lack of strong momentum

No overbought/oversold signal

🔹 MACD (Moving Average Convergence Divergence)

MACD: 0.32

Slightly positive, but flat → weak bullish momentum

Histogram shows minimal divergence → no strong signal

🔹 Bollinger Bands

Price is near the median band

Bands are narrowing → low volatility, typical of consolidation

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 7.61 lakh

1-Week Avg Volume: 12.32 lakh

Volume is below average → weak participation

Suggests lack of conviction from buyers or sellers

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 64.5 Near 50 DMA, recent bounce zone

Support 2 60.0 Psychological level, previous base

Resistance 1 68.5 Minor resistance, recent rejection

Resistance 2 76.2 Swing high, medium-term ceiling

Resistance 3 96.0 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹64–₹65.5 (near support and 50 DMA)

Exit Zone / Profit Booking: ₹76–₹80 (resistance cluster)

🔍 Momentum Signals

Short-Term: Weak bullish bias, but no strong momentum

Medium-Term: Consolidation likely to continue unless volume spikes or MACD diverges

🧭 Conclusion

MMTC is currently consolidating with a neutral technical setup. Indicators suggest a lack of strong momentum, and price is hovering near key moving averages. Traders may consider accumulating near ₹64 with a target of ₹76+, but only if volume improves and MACD turns decisively bullish.

Sources: Investing.com India

1

, ET Money

2

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