NMDC_Pick for the Long TermPick for the Long Term!
NMDC is fundamentally very strong counter with very low PE level of 4.68. On technical chart, best levels for accumulation would be from CMP to 132.
PE 4.68
Profit Margin 45%
Promotor Holding 61%
Company is almost debt free
Stock is providing a good dividend yield of 5.45%
Company is expected to give good quarter
Company has delivered good profit growth of 19.78% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 39.39%
The best thing is that the stock has corrected and consolidated for quite a long time now. Buy and accumulate till 132 level.
NMDC
NMDCNote:
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NMDC Retesting imp. support levelThis is my view on NMDC.
T1: 195, T2: 213
The rationale for the going long at CMP of 145-146.
- Higher volumes
- RSI Bullish Divergence
- Multi-year breakout level has been retested
- RSI taking support at RSI 40 level
- Highest revenue and net profits in FY 2021
Readers, please note this is meant for educational purposes only.
A very long trend broke outDear All,
This is a very good trend reversal. A long bearish trend seems changed. A long position could be taken here for those you would like to invest in.
For those who are willing to take a positional trade, please wait and enter after the pullback as we can expect the price to test the trend line.
NMDC STOCK ANALYSIS WITH TECHNICAL TARGET
1. Today we'll discuss another company which is NMDC LTD
2. Today Date is 05-09-2021.
3. Currently stock is trading at 154.60 which is shown in candle chart.
4. There are two Technical Targets. First one is154.60 to 186.70 which is shown in image above, which is approximately 20.70% gain. Second Technical Target is 210 approximately, which is also show in image, second technical target is from 186.70 to 210 is further approximately 13.82 % upmove gain. which mean if we buy at lower price then approximately total gain of both technical target will become approximately 37 %.
5. How much time it takes to reach target, according to my analysis, it takes maximum 4-5 months.
6. Last quarterly result which is June Month (2021) is highest ever and company have net profit 3186 cr.
7. CWIP of company also increased which is mentioned in balance sheet. CWIP means Capital Work in progress which represents costs incurred to date on fixed assets, which is still under construction on the balance sheet.
08. Company is almost debt free.
09. About company:- NMDC is India single largest iron ore producer and involved in exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, graphite, beach sand etc.
IMPORTANT RULES
10. Only invest 3 % of your capital in one stock, Please don't ignore this rule because we are investing our hard-earn money here so risk management is best part of trading.
11. We never sell stock in loss.
12. We are investing in equity share.
13. Patience is the key in equity, sometime great company went down that is the opportunity to buy these companies because we know they will come back very quickly.
Disclaimer:- I'll post here stocks analysis for educational purpose where We can learn. This blog, not a recommendation of stocks buy or sell.
NMDC: Short term & Mid term view- BullishTarget given by using patterns. Indicators are showing bullish signals on weekly chart and Daily MACD crossover may happen on upcoming days. Be ready for the next move on upside. Stoploss as per your risk. Apart from technical Iron and coal prices are multiyear high so can expect a good quarter on fundamental side.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
NMDC: A LIKELY TRENDLINE BREAKOUT TRADETrading rationale: NMDC is in a consolidation phase since hitting fresh highs in the month of may, Disinvestment of steel plant in current year, Steel will be in demand for next 3-5 years. Q1 will be superb.So NMDC will do much better. Highly undervalued stock.