Equity-Earningz
Short

NMDC : RISK/REWARD 5:1

NSE:NMDC   NMDC LTD
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
Trade active
Comment: Expect the #NMDC Donimalai mine case to get resolved in the next 3 months. - Karnataka Mines Secy

Yes Sir, take your time. Not in a hurry!
Comment: NMDC made a low 118.10

Trade closed: stop reached:

Comments

bro iam sell in 131
Reply
Equity-Earningz balagururama9
@balagururama9, Today it hit stop-loss. Trade is closed today. When you created a position? If you have created today or yesterday then keep 133 as your SL.

I shorted at 129, It went to 118. Now today it hit Stop-loss. It was 1:4 Return at 118, and gave me enough time to train SL to cost but I forgot.
Reply
Equity-Earningz Equity-Earningz
Reply
very fantastic worked. You are doing good than me.
Reply
Equity-Earningz Kinnari_Prajapati
@Kinnari_Prajapati, No, still learning though form you. :)
Reply
Kinnari_Prajapati Equity-Earningz
@Equity-Earningz, You are doing great.
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