NMDC forms cup with handle in the daily and weekly timeframe. It is likely to breakout soon. If it breakout up side we can expect a rally towards 145-150 price range (Estimated profit 17%) with the stoploss of 119 on closing basis (Daily timeframe).
NMDC
Gave brake out before
1.Now taking support on old trend line
2.Also there is doji created at trend line
3.RSI also in over sold
4.Vol also good
Sl 98 / Target up to you
Not a financial advice, for study purpose only.
NSE:NMDC
#NSE:NMDC formed beautiful ascending triangle,
volumes consolidated and given good rise, sustainability above resistance level may show good momentum.
You can ask your doubts in case any....
So I was reading about candlestick patterns and came across Morning Star! as I was searching for one in my favorite stocks I found one forming in NMDC technical charts. Now I'm hoping this would be the bottom of the pattern and might become a morning star if the bulls take the charge on monday.
*This is not any kind of investing suggestion, I recommend you to do...
as you can see in image NMDC is near its support zone .
133-137 is very major support .
one can enter into 133-137 .
with strict SL of 127 .
do like my idea if you agree with it and also follow me .
dont panic , correction is healthy for long survival of market .
📈 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...
Fundamental 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....
NSE: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...
#NMDC
1. Strong weekly closing.
2. Box Break Out done. Rounding Bottom Break Out awaited.
3. Targets can be as high as upto 225+ however, short term target is 195 once stock starts trading above 176.
4. Weekly closing above 195 will increase the momentum.
5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.
NMDC
Stock is trading in a resistance trendline.
Wait for the resistance breakout to take entry.
The stock looks good above 161.50.
The expected targets are 167, 172 , 181
Scrip: 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...
