NMDC Swing idea (Long)
NMDC can give breakout due to following technical reason:
1) Breaking a range after 2+ month consolidation
2) Double bottom pattern(or W pattern) formation in daily & weekly chart
3) Trading above 20, 50 EMA on daily & weekly
4) Swing low are not broken, range is slowly shifting higher side
(Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
1) Breaking a range after 2+ month consolidation
2) Double bottom pattern(or W pattern) formation in daily & weekly chart
3) Trading above 20, 50 EMA on daily & weekly
4) Swing low are not broken, range is slowly shifting higher side
(Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Trade closed: stop reached
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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.
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.