NMDC DIVERGENCE LOOKING CLEAR ON CHARTS WEEKLYnmdc weekly chart flag or divergence create .wait and watch no trade.
NMDC
NMDC IS ONCE AGAIN A BUY ON TECHNICAL CHARTSThe stock of government-owned mineral producer NMDC more than doubled investor's wealth in the last 12 months.
Reasons: It has been in a rangebound trade since hitting a 52-week high of Rs 213.15 on 12 May 2021, but now the stock seems to have resumed its next leg of the rally, 1. HH & HL confirming UT. 2. Breakout from trendline which was respected earlier.
Traders can look at buying the stock for a target of Rs 195-240 which translates into an upside of 13-32% in the next 1-2 months.
NMDC for swingNMDC is on important trendline support and also given a breakout. Now it has come to retest. So a good swing trade can be initiated on any bullish move.
NMDC Ready For 20% - NMDC AnalysisNMDC is buy from the given level.
Buy - 174-173
Sl -169
Target - 185 200 210
Duration - 1-2 Week.
Descending Triangle Breakout in NSE: NMDCNSE: NMDC has broken out an descending triangle pattern with good Volumes. It has taken a pull back and ready further uptrend.
NMDC Channel BreakoutNMDC has given great channel breakout and the volume has been good, also futures OI has been rising and Long Buildup is forming.
Trade with caution. Appropriate risk management and position sizing.
NMDC Triangle BreakoutTriangle Breakout is very effective and accurate BO pattern I have ever used.
NDMC showing BO on daily.
Perfect accumulation zone 177 to 184.
Target -191/243
NMDC: BULLISH FALLING WEDGE BREAKOUTPrice action in NMDC shows a clean breakout of a downsloping wedge pattern. Metal stocks are on a roll and NMDC could soon follow suit. Buy at CMP, keep a stop below 170 and shoot for a target of 195+, Hold for around 14 days.
NMDC 4H chart, Bullish ViewAs can be seen from chart, it has two chart pattens combined and a breakout from both patterns same time.
Falling wedge and Descending triangle.
Long above 184 can give 187/189
Long on NMDC for Positional!Pretty positive trend shown by NMDC, broken the trendline with Target1 and Target2 and beyond.
SL is pretty close for R:R for 1:1.5 or 2.5
Not a recommendation though. Please undertake recommendation from your Financial Risk Advisor or personal judgment for trading.
Technical analysis talk - SBIN, NMDC and MOTHERSUMINMDC: good risk-reward and on good supports and good breakout small one a big movement pending keep an eye
SBIN: might not give direct movement but still a good breakout as per the structure
MotherSUMI: Good structure keep an eye big rewards can be claimed :)
My view on NMDCNmdc should give breakout above 180.
looking tgt 185-190-195++
we will use TSL from 174 after triggred.
NMDC At Strong SupportNMDC At very strong support
as nifty metal stocks are strong NMDC can give easily target of 195-205+ SL 164
NMDC - trend line break expected. Price forming a descending pattern and currently trading above the support so that it will break the trend line upside in the following week.
#NMDC .. Buy opportunity may come soonCheck the chart
easy setups with 1.62R and 3.42R
buy after candle closes above 212..
NMDC BUYING IDEA TAKE TRADES AS IT RETRACES
TRADE AT YOUR OWN RISK
STAY SMART USE STOP LOSS
THIS IS JUST FOR EDUCATIONAL PURPOSES.
