vikramsih

Long NMDC, Channel breakout coming soon !!

vikramsih Updated   
BSE:NMDC   NMDC LTD.
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
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.