NMDC was forming a flag pattern which is broken today(29-07-2021) upwards , it is a clear breakout. Stock may retest a bit and if retest is successful , we can see a good upmove .
Target 1 is easily achievable, hence you should book most of the profits there. This can be a good swing trade.
This analysis was done by me only for educational purpose. Feel free to...
Stock Showing Movement in Elliot Wave Pattern.
After one round of Eight Wave cycle started from 211 till 412.
Now Stock seems Making 2nd 8 wave Elliot wave pattern. After Wave-1 stock moving in consolidation and forming 2nd wave with Triangle formation. Once breakout from present consolidation zone above 530.5 we can expect a wave-3 move upto 645.5. if stock...
Stock has given a significant closing in today's session which sets slightly above the breakout levels, it is highly likely that it will give big bullish move from here so, a long call is recommended with respect to the stop-loss and targets.
Tata Motors was a downtrending stock since few years but it has changed its trend now. Closing above 200 will see the stock being doubled soon.
It's ready for a huge huge upmove above 200, levels are mentioned on the charts.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades...
One can wait for the last kiss to happen. Once the level is retested, can show decent upmove. Levels are marked in the chart.
Also, the wave has taken strong support at 38% and 50% Fib.
(Educational Purpose Only. Trade at your own risk)