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NMDC

NMDC Breakout Analysis !!📈 NMDC Ltd. 📉 This Stock broke out from a Resistance zone of 155-160 after testing three times. It was in consolidation since seven months and today that ended on long side So I am biased on long side as todays candle closed is strong green. On Buy Side I am looking for Targets of 168, 182, 193, 203. StopLoss should be kept at 146. It offers 1:3 Risk Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:NMDCLong
by ShelendrAgrawal
NMDC: Perfect Inverted H&S on Daily TimeframeFundamental Understanding: Higher commodity prices command a greater profitability to the miners. NSE:GMDCLTD rose by 150% in the last 4 months 75 trading sessions for the same reason. NSE:NMDC has a ROCE of 29.6 % and ROE 21.8 % and is almost debt-free (Debt to Reserves is quite low). The chart forms a perfect head and shoulders pattern on daily timeframe. The price has broken out the neck and is now retesting with reasonable (low to say) volumes. FIIs have increased their stake by 30% QoQ and the navratna PSU looks clean to benefit from the rising commodity prices. Expecting a good upmove due to rise in commodity prices over the Jan-March 2022 quarter. Look out! For FnO trades, one can take a risky trade with 147 daily closing SL and for the target of 189. For Cash trades, keep adding till ATH for new aggressive moves beyond that.
NSE:NMDCLong
by ShekharChatterjee
NMDC - A technical-fundamental viewNSE:NMDC PSU THEME STOCK NMDC Limited is engaged in the mining of iron ore. The Company's business segments include Iron Ore and Other minerals & services. For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 6026.68 Crore, down -12.43% from last quarter Total Income of Rs 6882.44 Crore and up 35.10% from last year same quarter Total Income of Rs 4460.97 Crore. Company has reported net profit after tax of Rs 2048.40 Crore in latest quarter. TTM EPS: 35.48 TTM PE: 4.43 Sector PE: 13.40 Book Value Per Share: 102.02 P/B: 1.55 Mkt Cap (Rs. Cr.): 46,054 Dividend Yield: 4.94 Promoter/FII Holdings: Promoters held 60.79 per cent stake in the company as of 31-Dec-2021, while FIIs owned 5.32 per cent, DIIs 21.85 per cent. Some Positives: Rising Net Cash Flow and Cash from Operating activity Strong Annual EPS Growth High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio Company with Low Debt Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge High dividends, with rising dividend yields over last five years Strong Momentum: Price above short, medium and long term moving averages Some Negatives: Decline in Net Profit (QoQ) Decline in Quarterly Net Profit with falling Profit Margin (YoY) Declining profits every quarter for the past 2 quarters Recent Results: Declining Operating Profit Margin and Net Profits (YoY) My Personal Opinion: Stock is positive above 166 only. 196 is very important level above which there is no stopping NMDC. But I believe the stock would continue to consolidate for now so I would hold and add more on dips until 130. NOT A RECOMMENDATION. ONLY FOR EDUCATION PURPOSE. Thanks.
NSE:NMDC
by babutaaniket
NMDC - Investment Idea - Bouncing from support / Target - 180Scrip: NMDC Current Trade Rationale : Bouncing from Support zone of 140-150 Setup: Investment Idea, More position can added in zone of 75-100 (In case of market sell-off), Target - 180. More positions can be added at lower levels. So do not put all the money in one go, buy 50% now. if able to ride the momentum, close the position on reaching target. If get lower levels of 75-100. Add to the position. If lower levels of 100 come - Revised Target would be 150. This is an investment idea for 3-6 months. Please take a note: I am not a SEBI Registered Investment Advisor or Analyst. Please trade and Invest based on your knowledge and risk profile.
NSE:NMDCLong
by BeingNick
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