johntradingwick

NMDC - Ascending triangle + Volume expansion

Long
NSE:NMDC   NMDC LTD
Key Highlights:

1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming Ascending triangle
4. May pullback to the 183-186 zone
5. Target: 198, 213, 224

I have made an illustration on the left-hand side, to explain the ascending triangle pattern.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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