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Priceactionanalysis

TREND CHANGED IN NMDC - FROM BUYING ON DIPS TO SELL ON RISE ?NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power. This PSU stock has given great returns to investors as well as traders in last one year. Although there exists so many positive talks about NMDC's volume growth, sales growth & capacity enhancement etc. which are fundamentally good but I think trend is changed in NMDC. This stock was buy on dips since May-June 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise. I will find opportunity to sell it on each rise until it breaks 235-240 level. So, Is it still buy on dips or has become sell on rise? Only time will tell! P.S. : This stock is on my main watchlist for a short trade.
NSE:NMDCShort
by akshit_official
4
UPMOVE IN LIC HOUSING FINANCELIC HOUSING FINANCE is highly bullish in larger timeframe, and is continuously making higher highs. So, there is a chance it can retest it's ATH and can give a successful breakout. Targets are calculated according to simple price-action theory. Please follow risk management in condition like this where market is overbought. This stock can give a potential return of almost of 18% if it retests it's ATH. 2/3 quantity should be booked at first target and the rest should be trailed for bigger targets.
NSE:LICHSGFINLong
by rtfofficial1618