Innovatorsandyou
NMDC bullish structureNMDC bounced from the weekly support and in DAILY time frame have framed a very good Bullish Engulfing Candlesticks which clearly depicts that stock is trying to change the trend.
A long build-up can be initiated in NMDC above 145 if we get hourly good closing support in short term target of 175 are easily on charts in long term we can see bounce upto 300 also.
INVEST wisely always follow risk and position management.
NIFTY Trend ReversalOn last trading session (FRIDAY) before the closing of the market we have seen a clear bounce from the important zone of 17600 if market manages to sustain above 17600 level on Monday index is heading for 17900/18000 in coming days.
As a trend reversal trader I will like to built a long position in NIFTY above 17760 for the above mentioned targets.
Also RSI Is also below 30 which also depicts the change in trend in coming trading sessions
Always follow proper Risk and position management.
Trade as per your risk appetite
Shriram Transport & FINA very good a candidate in today's INTRDAY if open flat buy in range 1420-1430 keep strict SL target will be yesterday high 1460 if yesyerday high taken out we can see next target in coming days of 1480/1500 also .
HAPPY TRADING