vikramsih

Long NMDC, Channel breakout coming soon !!

BSE:NMDC   NMDC LTD.
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CMP: 132
TGT: 148
SL: 127

It is observed that the price is moving in an upward channel, can breakout soon.

Disclaimer: I am a novice at charting and this chart is for educational purpose only . Views an opinions are welcome

Comment: Bounced thrice from the support line of 133. Stay long as long as sustains above the support line
Comment: Alternatively yesterdays candle can be viewed as a hanging man, and this bearish candle as a confirmation of beginning of downtrend. Also it is S/R line of 133. Wait n watch mode.
Comment: Bounced from support, keep holding
Trade closed manually
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