NMDC trading at 129 which is a Fibonacci retracement 0.618% of previous major swing from 162.70 to 74.80.
It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement.
Short at 128.95
Stop 131.65
Target 115
RISK/REWARD 5:1
Fibbonacci retracement 0.618%
Upper trendline as resistance
It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement.
Short at 128.95
Stop 131.65
Target 115
RISK/REWARD 5:1
Fibbonacci retracement 0.618%
Upper trendline as resistance
Trade active
Comment:
NMDC made a low 118.10
Trade closed: stop reached:
Yes Sir, take your time. Not in a hurry!