NMDC showing positive momentum on the daily chart Exactly bounced from 50% retracement level and its good for more higher levels Immediate target is 205 within 1 to 2 weeks Stop loss maintain at swing low 171 on closing basis Result expected shortly. So keep your qty under check. Do your own analysis before investment.
Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Forming Ascending triangle 4. May pullback to the 183-186 zone 5. Target: 198, 213, 224 I have made an illustration on the left-hand side, to explain the ascending triangle pattern. You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT...
NMDC is nearing its 9 year resistance, as the metal sector looks positive it is likely to break the multiyear consolidation.
Call Was Given On 13 May i.e yestreday 1st target hit in no time See our call shared yesterday below in related ideas. Disclaimer:- I am not SEBI registered. All the analysis shared is my personal opinion. Do follow us on tradingview for more trades like this.
Sell- Below 195 SL - 203 Target- 188 182 NMDC has given very good returns in mid to short term. Now it has it our monthly harmonic prz. As usual you need to book your profits near every harmonic level. you should book your long here . just keep few quantity one third . And be ready to short if it breaks 195. It can give decent correction. We will reenter if it...
NMDC For short term Buy only above 196 (expecting weekly breakout)
Buy on dips with sl of 150 for target of 195
The daily chart gives us an insight that an ascending triangle is been broken from the top which has also created Higher Highs in the recent past which clearly indicates achieving some short term Targets of 165-170. The Breakout has been done by a fairly more than avg volume.
Buy At Cmp 141.8 & On Dips Strict SL - 121 (WCB) Target - 163/180/195+++
NMDC # 29.04.2021 Looks good buy around 151 stoploss 149 Target 157 CMP 154.5 Buy for a tgt 157 of 149 SL 149 It is just a view, pls trade at your own risk
NMDC stock is ready for multi-year Breakout.
A bullish continuation triangular structure is spotted in the stock NMDC. Go long on current levels & add on dips , maintaining the SL of 137 & look for higher targets of 157
National Mineral Development Corporation is The Public Sector Company. This Share Give Brackout
Price moving in a wedge pattern and inside the wedge a triangle pattern formed and today it breaks and reaches the resistance. One can expect the price to break the resistance and move further up.