Ready for a move up after a small pull back. Multi year multi month consolidation breakout. time to scale into this slow and steady let this run like a long campaign.
It has been observed that the price action is trending down technically but on the fundamental side the valuations are improving and looking good. Some of the key valuation indicators are as follows:
1. P/E: 13.3 (Undervalued)
2. Book Value: 74
3. Debt to Equity: 0.01 (almost a Debt free company)
4. Current Ratio: 3.3
5. Net Profit Margins: 30%
6. Return on...
CMP: 132
TGT: 148
SL: 127
It is observed that the price is moving in an upward channel, can breakout soon.
Disclaimer: I am a novice at charting and this chart is for educational purpose only . Views an opinions are welcome
RSI divergence and trendline support on daily charts.Wait for it to close above 127. Target 132 and then 137 short term. Could hit 147 in 2-3months.Stop Loss 118.
Weekly charts suggesting the same.
It is been observed that there are some candlesticks pattern which describes the sentiment and movement of buyers and sellers in the market. It is observed that when a Green Bullish Candle with no to little wick in bottom found after a downtrend indicates a buyers come back with full dominance over price action as there will be no lower wick which means no selling...
NMDC has formed a Flag Pattern. It has given a breakout on daily chart with volumes, indicating a continuation of the upward trend.
Target : 132-135
Stop loss: 113.90
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.
BSE
