NMDC
NMDC Multi Year Channel BreakoutNMDC has broken out of a multi year channel last month and once last month's high is taken out, we can expect a decent upmove in the stock with this month's low as stop loss.
NMDC: Bullish continuationBuy on dips with sl of 115. for target of 132/139. Conservative target 129.
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.
BEARISH HEAD & SHOULDER PATTERN ON NMDCOn daily Charts there is a picture perfect Head & Shoulder chart pattern is on formation.I see some good downside in coming
weeks..
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.
Follow to get regular updates
Happy trading...!!! 😊
NMDC Chart set up and viewNMDC
CMP 115.90
The current chart set up has the potential to move towards 127-140 zone
Pattern gets invalidated if closing below 108
Take care & safe trading...!!!
NMDC Buy Call - ObservationMACD has crossed over , Volume supports the move.
Resistance has been broken as well.
RSI is above 60 indicating strength in the bullish move.
NMDC - Bearish Flag after STR breakoutHi Swing Traders,
NMDC looks good for a short after completing pull back. Check the charts for more info
I hope you will benefit from this knowledge
-MetaVish
NMDC - VIEWBUY ENTRY POSSIBLE BASED ON
RESISTANCE BREAKOUT
SUPPORT OF VOLUME SEEN
FOR STRENGTH
double rounding pattern seen too
R:R CAN BE DECIDED ON PERSONAL BASIS
disclaimer - for study purpose only.
NMDC stoked for a fantastic breakout?NMDC is testing a trend-line that it has tested multiple times historically. If it breaks this, there could be a huge run upwards.
Watch out for decisive break.
Go long. Like and follow :)
NSE:NMDC
NMDC CHART LOOKS GOOD...NMDC has confluence of 3 breakouts which can help this stock to move tomorrow.
1. Cup & Handle
2. Resistance zone at 99-100 (respected multiple times)
3. Psychological level of 100.
It will be good buy 101 tomorrow.
TGT : 109 +++
Watch Our other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
NMDC : A Good BreakoutNMDC has given a good breakout. If breaks the psychological level of 100, then can move up very fast. Next target is 110.
NMDC REVERSAL - VSA + Volume Profile [Swing Trade]Short at High Volume Node (Volume Profile) - 90.5
SL - Exit if day's close above 93.5
NMDC - Positional Long for Target of 90Vixfix has started to decrease while the Increase in OBV is clear indication of Scrip reaching higher level.
First Target: 90
NMDC: Buy at 92Channel since March bottom at 61.
RSI was overbought with last week's rise.
At 92 levels lot of froth would be out a great great opportunity to get in.
