nmdc looks bullish in medium term.

Jul 11, 2017

in weekly time frame, morning star is formed at the horizontal support zone which coincides with .618 retracement of prior downtrend.

Also in daily time frame there is a breakout from downtrend channel with good volume, It seems trend reversal is done here and price should move from now on.

here sl should be - 102 (below morning star low), 1st tgt - 131 (immediate resistance) 2nd tgt - 150 (previous swing high).

Jul 19, 2017

Trade active

till now 119.9

Jul 21, 2017

Trade active

till now 122.5

Aug 1, 2017

Trade active

till now 125.5

Sep 2, 2017

Trade active

big move on fri, closed at 132.50, above upper bb, and bb is expanding in daily, sign of bullishness.

Oct 5, 2017

Trade active

after making a swing high of 137, it corrected to 117 level, now it reversed from horizontal support, looks bullish now.

Oct 26, 2017

Trade active

big candle formed with high volume, price closed above upper bb and BB is expanding. Looks bullish now,

Nov 26, 2017

Trade active

price is approaching congestion area, currently it is near to trend line support level,

Dec 9, 2017

Trade active

1st tgt achieved here, follow up chart,

price approaching overhead resistance, post successful breakout road will be clear for second tgt.

Dec 29, 2017

Note

cmp - 137.8, successful breakout from the congestion area, looks bullish, higher tgts can be achieved here.

Dec 29, 2017

Note

in daily, price is sustaining above middle bb and pushing upper bb upwards

Jan 18, 2018

Trade closed: target reached

cmp - 150.10, 2nd tgt achieved here, cheers,

it took around 27 week, and gave around 29% return.

in current scenario, it has crossed previous horizontal resistance in weekly, looks bullish, much higher levels can be achieved here,

Jan 18, 2018

Note

monthly chart shows that, next tgts at - 192, then 285,