Page 4 - Mtar Technologies News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"On the daily charts, we can observe that the Nifty has breached the previous swing low of 19,333 it touched in the first week of October and has closed below that, indicating a breakdown. Weekly, daily and hourly momentum indicators have a negative crossover, a sell signal. Thus, both price and momentum indicators are suggesting a further decline. On the downside, Nifty is likely to drift towards 19,000 from a short term perspective. On the way up, 19,500 - 19,530 shall act as an immediate hurdle zone as per the principle of role reversal," said Jatin Gedia, Sharekhan by BNP Paribas...

Mazagon Dock Shipbuilders informed exchanges about receiving the Letter of Intent (LOI) from the European client on Monday after market hours.

MTAR Technologies, MCX India and GAIL India were among the stocks that outperformed the market on September 1 and are expected to continue the uptrend

MTAR Tech has broken its all-time high level and has stayed above the high by giving a weekly closing signifying strength in bulls. Apart from the current week's price action, volume has also been at the highest level in the last 2 years. For traders, the immediate targets are at extension levels of Rs 2,883-3,097. Support levels remain at the trendline below Rs 2,200.

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