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...
as you can see in image NMDC is near its support zone .
133-137 is very major support .
one can enter into 133-137 .
with strict SL of 127 .
do like my idea if you agree with it and also follow me .
dont panic , correction is healthy for long survival of market .
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 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
After a long term downtrend , Stock has given a breakout from an Ending Diagonal Structure which suggests that the previous trend is over & a new trend is developing . With the formation of HH HL in an impulsive manner we can say that stock has turn around & is ready to move up. Stock has made a high of 213 breaking all the previous resistance in the zone of...
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.....