Nmdclong
Short Term Trading Idea in NMDC Ltd for 15% UpsideHi,
NSE:NMDC has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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NMDC Swing/Positional NMDC Ltd. Prediction for Swing/ Posional Trading
Structure break at 135 and properly retested. Y ou can enter into trade above Entry 1 level (150) daily close basis or Entry 2 or Entry 3 or CMP according to intraday level. 150-164 is the bearish zone for NMDC, be cautious at this zone.
Again 143,138,135,131,125 levels can be retest.
Sls-For mid swing trade 130 or according to you RRR.
Targets- (154,156,164),173,182,192,200,211,221,230,…. (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About NMDC Ltd. –
NMDC Limited is an India-based producer of iron ore. The Company is involved in the exploration of a range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands amongst others. The Company's segments include Iron Ore, and Pellet, Other Minerals & Services. The Company owns and operates mechanized iron ore mines in Chhattisgarh and Karnataka. The Company also operates a mechanized diamond mine at Panna, Madhya Pradesh. The Company is producing over 40 million tons per annum (MTPA) of iron ore from its iron producing units, such as Bailadila Sector in Chhattisgarh and Donimalai in Bellary-Hospet region in Karnataka. The Company’s subsidiaries include Legacy Iron Ore Limited, J & K Mineral Development Corporation Limited, NMDC Power Limited, Karnataka Vijaynagar Steel Limited, Jharkhand Kolhan Steel Limited, NMDC SARL, and NMDC CSR Foundation, among others.
NMDC Ltd. engages in the exploration of minerals. It operates through the following segments: Iron Ore, Pellets, Other Minerals & Services, and Other Reconcilliation Items. The company was founded on November 15, 1958 and is headquartered in Hyderabad, India.
NMDC Trade ideaThis post is only for educational purpose, please take any trade at your own risk.
NMDC next fibo target is 280 which will get active above 248, below 235 it can see some profit booking. Today it made hammer so a close above 248 tomorrow will activate the long run, targets can be 255, 266, 277.
Promising long setup in NMDCA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:NMDC
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
NMDC - Clear BO - Possible targetsNSE:NMDC - NMDC crossed and closed above around 1 year High.
Also crossed Wedge - and sustained the momentum.
Immediate Next target is 135 & next target is 159.
Clearly closed above the previous Week's High & Monthly High.
Also, stock is trading above all averages and OBV is also raising for some time.
Add to the watch list.
Possible buying signal at NMDCSo 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 your own research and then make your own investment decisions.
NMDC Breakout Analysis !!📈 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 Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#NMDC: Ready to be a rocket!#NMDC
1. Strong weekly closing.
2. Box Break Out done. Rounding Bottom Break Out awaited.
3. Targets can be as high as upto 225+ however, short term target is 195 once stock starts trading above 176.
4. Weekly closing above 195 will increase the momentum.
5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.
NMDC BREAKOUT 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
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