Nmdc has broke out of a cup pattern IMO according to the technical analysis theory the target should be around 156 and moreover it has broken out of a channel on 1d timeframe basis.
*Only for educational Purposes, not a financial advice*
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.
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...
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
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 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.
