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georginsabu
Mar 30, 2020 11:32 AM

NMDC Triangle pattern breakout 

NMDC LTDNSE

Description

As you can see the break out has happened.But waiting for a confirmation would be good.The levels are as marked.

Trade closed: target reached

Comments
lavkush
82 seems a strong resistance. will it cross above it?
georginsabu
@lavkush, if you look at fibonacci retracement ..it's has been testing the 23.6% twice in day timeframe.wiz around 79-81 range.. resistance
guducuk55
Thank you for the chart. Could you take a look at KALYANI STEELS ? I would love to see your take on it. its a fundamentally strong company
guducuk55
Has it given confirmation yet on the chart?
guducuk55
what is the chart time frame?
georginsabu
@celes1, it's an hour chart.if it sustains or breaks the resistance levels at 76 ranges..it could be a confirmation
guducuk55
@georginsabu, Thank you :)
could you also make a chart for kalyani steels please
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