NMDC
Promising long setup in NMDCA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:NMDC
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
HEAD AND SHOULDER PATTERN BREAOUT IN NMDCStock gave Breakout of Head and Shoulders Price action pattern and retested the breakout zone and also break the previous high and showing some bullishness.
Entry - 168 to 169
Target 1 - 179
Target 2 - 197
This is not a buy or sell call, analysis is shared for educational purpose.
NMDC review - posted at 113, now trading at 183reviewing NSE:NMDC chart posted on 15th July 2023 when the price was 113.
it made high of 189 and now trading at 183
given awesome 62% gains
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
link of 15th July post given below
NMDC trading in a channel, wait for breakoutNMDC is trading in a Symmetrical triangle channel on monthly charts. Hence dont get stuck at top resistance of the channel.
On upper side channel breakout - target is 170+
On lower side channel breakout - target is 60-70
Note- Wait for Monthly candle to close above the resistance channel. Else may get stuck in false breakout.
NMDC - Ichimoku BreakoutStock Name - NMDC Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 170
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Long setup in Mishra Dhatu NigamA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:MIDHANI
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
MMTC 10 Year Breakouts1. **Technical Analysis**:
- The stock has experienced breakouts on multiple time frames: daily, weekly, and monthly. This is generally considered a positive sign in technical analysis, as it indicates strong upward momentum.
2. **Trading Recommendation**:
- The recommendation is to buy NSE:MMTC at around Rs 70.
- The target price (TRG) is set at Rs 100-125, which suggests an expectation of significant price appreciation.
- A stop-loss is placed at Rs 53.50, which is intended to limit potential losses in case the trade goes against the investor.
3. **News Event**:
- The stock's rise is attributed to the Indian government's approval of royalty rates for mining strategic minerals, specifically lithium, niobium, and rare-earth elements.
- This approval allows the government to auction blocks for these minerals in India for the first time.
- The royalty rates are specified as 3% for lithium and niobium and 1% for rare-earth elements.
- Royalty rates are important financial considerations for bidders in the auction of mineral blocks.
- India is currently conducting exploration for critical and strategic minerals.
NMDCNMDC:- Head and shoulder pattern has been formed, breakout has also been given, but don't plan anything until the price becomes sustainable.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.