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vikramsih
Sep 2, 2017 9:19 AM

Long NMDC, Channel breakout coming soon !! 

NMDC LTD.BSE

Description

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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