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Disclaimer: This Blog, its owner, creator & contributor is not a research analyst and expressing opinion only as an Investor in Indian equities .He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog.Information or stock recommendations contained in this blog are for educational purposes only. Investors are advised to consult financial consultant before acting on any such information. Before acting on any old recommendations, please ensure its relevance in current circumstances.

Tuesday, December 31, 2013

MMTC@ Its a Buy

Technically MMTC since last 4 month has very well stabilised and seems to have formed a base around the 50 level. This stock could heavily surprise on the upside where on the upper side it has the potential to generate return of over 100% plus in the time to come. A closing above 56 will mark the rally as per my assumption.
Though we are not waiting for the 56 breakout and have recommended a buy at current levels of 52.5+-

No stop loss & time frame.

Note: Its an personal assumption.

6 comments:

  1. Contribute some share of profit to Money Mystery if you make decent profit.

    ReplyDelete
    Replies
    1. I Sway if i made some profits i'll honestly contribute 20% of that to u.........shall i buy all shares at once as i can invest 30k

      Delete
  2. MMTC has gone down another 3% today. It is below 52 now!
    So, do you expect it to correct more or is this good time to jump in?

    ReplyDelete
  3. Narendra kumar s.s@
    Yes its still a buy.....as in my note I recommended buy around 52.5+- & have talked about a base formation around 50 level so its a buy till 50 bucks. However big breakout only above 56 closing. We have not given any stop loss or time frame for the same.

    ReplyDelete
  4. Mmtc delivered 100% return. Hits 102+. Expecting next tgt to be around 170 to 199

    ReplyDelete