reviewing 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
I hope everything is clear on the image itself. After a long rally towards the downside, NMDC is ready to run to the higher level especially after breaking the previous lower-high.
NMDC- Breakout after 12 years for the target of 234 and 300. Currently very near resistance of 184 is there and also wait for another two days which is the november month candle close for double confirmation. It should retrace after touching 184.
Multiyear Breakout In NMDC Cmp - 171.5 Best Buy Between 150-155 SL - 103 ( Monthly Closing Basis ) Target - 400 Time Frame - 1-2 Year
NMDC 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.
NSE:NMDC Stock is likely to break out of an inverse head & shoulder pattern. Buy above 130 rupees. Target 1 is 150 rupees. Target 2 is 170 rupees. Stoploss below 100 rupees.
Stock 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...
A 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...
Buying NMDC in DAILY positional trade Good structure making HH-HL.
1. **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...
NMDC is poised to breakout of a massive 10 year inverted head and shoulder pattern. High volumes and high RSI.
NMDC:- 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...
NMDC share buy on dips Positional targets 160-190-250 Holding time 6months to 2 yrs QoQ strong earning growth hidden by other income (not regular income) in last quarter. High margin on low revenue. With increase in production and revenue margin will grow stronger.
NMDC seems to have started a trending bullish move for much higher targets.. Try to accumulate in the zone of 115 to cmp around with stop loss below 110 for much higher target of 160 194.. I will update on major reversal levels
NMDC bought @112.7 on 9 Aug '23 Today sold @130 near the resistance zone of previous swing high. Gained of 15% in 23 days.
Please see the chart, on 1D time frame price at resistance level,if the price breaks up the level marked, it will touch the trendline. increase in Daily volume gives confirmation
NMDC is forming stage on stage structure, breaking out with good volumes and rising relative strength.