NMDCNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
NMDC
NMDC SteelFaded nearly half of the move within 3 days!
However, the volumes are relatively lower as compared to the initial buying volumes.
Still seeing this as a pullback with the original SL intact.
The Green zone seems like a potential area for a bounce.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
NMDC Long 3 reasons for a positive outlook.
1- NMDC is trying to bounce back from the Fibbo 50% level.
2- Price has given the breakout of the falling trend line and trading above the breakout level.
3- MACD has turned positive after positive diversion.
It looks suitable short term trading with favorable RR ratio.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
NMDC - Clear BO - Possible targetsNSE:NMDC - NMDC crossed and closed above around 1 year High.
Also crossed Wedge - and sustained the momentum.
Immediate Next target is 135 & next target is 159.
Clearly closed above the previous Week's High & Monthly High.
Also, stock is trading above all averages and OBV is also raising for some time.
Add to the watch list.