MMTC 1 Hour View

📈 1-Hour Timeframe Technical Overview

Trend: The stock is exhibiting a bullish trend on the 1-hour chart, characterized by higher highs and higher lows.

Resistance Levels:

Immediate Resistance: ₹70.

Key Resistance: ₹75.

Support Levels:

Immediate Support: ₹65.

Key Support: ₹62.

Pivot Points:

Central Pivot: ₹64.84

Resistance (R1): ₹66.13

Support (S1): ₹63.55

🔧 Technical Indicators

RSI (Relative Strength Index): Currently neutral, indicating no overbought or oversold conditions.

Moving Averages:

50-period EMA: Trending upwards, supporting the bullish momentum.

200-period EMA: Also trending upwards, confirming the long-term bullish trend.

MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, suggesting bullish momentum.

Volume: Increasing volume on upward movements indicates strong buying interest.

📊 Chart Patterns

The 1-hour chart reveals a Cup and Handle pattern, a bullish continuation formation. A breakout above the handle's resistance could lead to a price move towards ₹75 and beyond.

✅ Summary

MMTC Ltd is showing bullish signals on the 1-hour chart, with key resistance at ₹70 and ₹75, and support at ₹65 and ₹62. Technical indicators confirm the upward momentum. A breakout above ₹70 could signal further bullish movement.