NMDC
NMDC | BreakoutPositional - Long Term Trade
POSITIONAL = Entry :- 140-145 | Stop Loss :- 130-120 (Or According To Your Set Of Rules | Target :- Let It Show Weakness, Till Then Ride It.
-- Look For Healthy Volumes . Or Get Ready To Exit The Trade.
(Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade).
Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.
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-------------Any Suggestions--------------
NMDC LtdDaily Chart Pattern
Share at 52 Week High
Given Breakout
Positive Volume Buildup
Can Give 20 to 30% gain
PROS
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 39.22%
CONS
Promoter holding has decreased by -1.36% over last quarter
The company has delivered a poor sales growth of -1.09% over past five years.
Debtor days have increased from 52.81 to 69.38 days
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
1:6 RR - NMDC Good Long Opportunity - Short Term TradeGood Long Opportunity for Feb expiry. The 15 mins downtrend that started on 21st January 2021 was broken recently on 17th February. On 18th February the price made higher lows and higher highs and the previous swing wasn't tested. This is a sign of good strength. An interim resistance was broken today and the price closed taking support on the level.
Signs of Strength:
Nifty in Red but NMDC made higher highs
PSU Stock and PSUs are having their bullish rallies. This one is yet to rally since the budget.
Closing above resistance and taking the support.
Buy NMDC for a quick target of 122.5 and see if we sustain the level. If we break with strength then an easy target awaits at 130.
Keep a strict stop loss at 118.
There is a 40% chance of hitting the SL however since the risk-reward is too good to ignore, I have personally taken my position at the last minute today. I wouldn't mind my SL getting hit either. Once we cross 124, I will move my SL to 122 and ride until 130.
NMDC: Technical Analysis helps us capture 10% + Target NMDC
On 28th Dec, we had identified this trade where we saw a minimum 10% + trade potential.
The stock achieves it's 1st target of 128
Those who missed the bus, look to enter only if you see dips towards 122-118.50 levels for target 2 of 140.
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