MMTC Limited – Price & RSI Breakout with Fibonacci Confluence

MMTC has delivered a simultaneous breakout in price and RSI, improving the probability of a near-term trend shift. The move is technically significant as it aligns closely with key Fibonacci retracement levels, adding strength to the setup. Technical Observations Price has moved above the short-term falling trendline and is attempting to sustain above the 61.8% retracement zone. RSI has broken its downward structure and is now holding above the mid-zone, indicating improving momentum. Volume expansion on the breakout supports participation, though follow-through will be important. What to Watch Sustained trading above the breakout zone improves the odds of a move toward higher Fibonacci levels, while failure to hold may push the stock back into consolidation. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)