TradeWithChannels

NMDC EtStockReco

Long
NSE:NMDC   NMDC LTD
Motilal Oswal : Target 120
Buy when it tests the trendline and forms bullish reversal bar.

What is a bullish reversal bar on retest?
Shown on chart
Why imp?
1.Momentum
2.Stop Placement
Comment: Trade is inching towards trend channel line.
Trade closed: target reached: Slow but steady trade.
Trade active: Buy with SL of 85
Trade closed: stop reached