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.
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...
📈 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...
Hello traders the last trade of naukri we are still waiting for it to cross 5700.
NMDC has given a breakout of a resistive trendline and looks good fir the upper marked targets, it also seems to be a shorter timeframe falling wedge pattern.
Buy above - 142.10
Targets marked in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep...
NMDC - Price action analysis
Trading in a range for 9 years
Triple bottom pattern formed, breakout and at retest level
entry level at cmp - 140.5
Target - 280 (Long term) - 100%
# el_plantrader #Tradewithelplan #Tradewithaplan
I hope you can now see how NMDC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
Chart is self explanatory. Targets are mentioned. You can wait for a retesting before entering the stock. Support zones are also available and SL can be set as per risk appetite. A beautiful pattern and breakout I am bullish on.
*** I am not SEBI Registered. Kindly do your own analysis before taking trade. ***
NMDC Ltd - 05.12.2021
The stock is trading @ 146 levels
The prices are above ema
There is a Gap up in daily chart (142.30 previous high, day's low 142.60)
There is a Stochastic Bullish Divergence in weekly chart
There is a Resistance Zone @ 148 levels
watch out for the price action
as this stock is makig head and shoulder pattern it will give breakout and profit in bearish side.
so have a look at it
remaining details i will give you in market time.
if i am wrong then please let me know.....
Thanks in advance.....
NMDC: 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 :)