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NMDC @ 133.15 Buy above 135 for Targets of 138,141,147.SL 128
NMDC LTD.
Long
NMDC @ 133.15 Buy above 135 for Targets of 138,141,147.SL 128
By raj.zing
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Updated
Dec 19, 2017
4
Dec 18, 2017
Currently at a FIB levels of .68 from the fall from 150 to 103.
Breaking out of the Downward Trend. There has already been a false breakout. Wait for confirmation.
Buy above 135.
Targets 138,141,147 and 150
SL 128
Dec 19, 2017
Trade active
Buy Activated. It was Gap-up opening. Volumes are slightly higher.
Revised SL to 133
Dec 29, 2017
Note
Target 138 achieved.
Trailing SL at 135
Jan 1, 2018
Note
Closing Price at 141.05. Second Target of 141 achieved. 41.05 is also the 78.6% retracement level of the fall from 151.25 to 103.56
Trailing SL at 138.
Jan 2, 2018
Trade active
2/Jan 2.05pm: CMP 147.65
Third Target 147 achieved.
Trailing SL at 145.
Jan 3, 2018
Trade closed: target reached
3/Jan Closing Price 149.25. Final Target of 150 reached. Price Reached a high of 152.75.
Price set to go much higher. Will come up with an updated View / Chart
Fibonacci
Trend Analysis
raj.zing
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