NMDC - 12 year of long term resistance breakout!!
Updated
The stock has given a twelve year resistance and other technical parameter clearly showing a strength for further upside. The dual head and shoulder pattern visible in monthly chart, accordingly immediate target will be Rs 219 with stop loss at Rs 140.
Daily Chart
The cup/handle breakout with breakaway gap and quadruple volume. The continuations of momentum with triangle breakout signalling a bullish uptrend.
Technical Chart
Positive technical set up with golden crossover, volume surge and support at ema.
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Daily Chart
The cup/handle breakout with breakaway gap and quadruple volume. The continuations of momentum with triangle breakout signalling a bullish uptrend.
Technical Chart
Positive technical set up with golden crossover, volume surge and support at ema.
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Trade active
weekly chart - price retested the breakout level.Trade closed: target reached
target achieved!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.