Has consolidated in a tight range and ready to breakout on either side
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...
One can use these levels for making a trading setup for NMDC.
NMDC Extremely Bullish Side With Complete positive trend and news support.
Target 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.
Trading 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.
I post past chart breakout wih flag pattern and it retest well some consolidation going on in dtf and 4hr tf travels in channel once close above the channel pattern will see 200 levels in upcomming trading session fundamental strong stock earning release also on aug 11 keep on radar
trendline breakout then retest with 61level support of fibnocci this is perfect recipe for the big upmove
nmdc weekly chart flag or divergence create .wait and watch no trade.
The 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...
NMDC 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 is buy from the given level. Buy - 174-173 Sl -169 Target - 185 200 210 Duration - 1-2 Week.
NSE: NMDC has broken out an descending triangle pattern with good Volumes. It has taken a pull back and ready further uptrend.
NMDC 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.
Triangle 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
Price 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 has given a Descending Triangle Breakout. Good to go long.
As 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