NMDC: Daily Flag & Pole Breakout1. The Macro Perspective: The Flag and Pole Formation
I am taking a LONG bias on NMDC Limited (NMDC) on the daily (1D) timeframe.
When analyzing pure market structure on a metals and mining stock, extended vertical rallies must eventually be digested. Following a strong vertical surge from the 78.00 region in late March (forming the "Pole"), the stock entered a necessary cooling-off period. Instead of a deep structural correction, the asset demonstrated immense relative strength by consolidating
NMDC Limited
No trades
No trades
In-depth trading ideas
NMDC LIMITED ( SWING TRADE )🎯 TECHNICAL CALL: NMDC LIMITED (NSE: NMDC)
CMP: ₹85.45
TIMEFRAME: Positional (3-6 Months)
PATTERN: Multi-Year Ascending Trendline Support Bounce
--- OPTION 1: TRENDLINE SUPPORT BUY ---
▪️ BUY ZONE: ₹83.50 - ₹86.00
▪️ STOP LOSS: ₹78.50 (Weekly Close Basis)
▪️ TARGET 1: ₹96.00
▪️ TARGET 2: ₹108.00
▪️ RISK/REWARD: 1 : 3.2
--- OPTION 2: MOMENTUM CONFIRMATION BUY ---
▪️ BUY TRIGGER: Above ₹88.50 (Daily Close)
▪️ STOP LOSS: ₹82.00 (Daily Close Basis)
▪️ TARGET 1: ₹98.00
▪️ TARGET 2: ₹110.00
▪️ RISK
NMDC setting the stage for RALLYNMDC looks to be setting up for a potential impulsive rally after completing a corrective wave. The structure suggests strength, with protective levels clearly defined.
🧩 Elliott Wave Structure
• We can see a completed 5-wave move up earlier this year (Wave 1).
• That was followed by a healthy correction (Wave 2), which retraced close to 50% of Wave 1 — a textbook retracement zone.
• Now, price action is forming a new Wave 3 setup, which tends to be the strongest move in Elliott Wave cycles.
NMDC — Clean Rising Channel Intact, Pullback Toward Channel SuppNMDC — Clean Rising Channel Intact, Pullback Toward Channel Support 📊
📍 Big Picture: After bottoming near 55-56 in early 2025, NMDC has been in a well-defined rising parallel channel — a clean, structured uptrend for almost a year.
📍 Channel Structure:
Lower band = trend support, respected multiple times
Upper band = resistance, tested and rejected near recent highs
200-day MA trending up steadily underneath, confirming the broader trend
📍 Recent Action:
Price rallied and tagged the upper cha
NMDC in RadarNMDC looks explosive to me , I dont know price is contracting too much for too many days and didnt gave space either side to move means buyer is consuming seller and seller is consuming buyer, if some thing is there that we dont know means price will show the truth and news will come out late.
Keep in radar and upcycle in weekly chart and contratcion in daily chart,
Option chain didnt gave space to move beyond 85-86 means higher liquidity is here seller are trying to absove the buyer
#NMDC. Trend & Price Action
Current Price: The stock is trading at 84.94, down 0.89% for the session.
Short-Term Trend: The daily chart indicates a clear short-term bearish correction. After reaching a "Higher High" (HH) near the 98 level, the price experienced a sharp decline.
Sell Signal: A distinct "SELL" signal was triggered at 88.45 by the NimblrTA Tracker indicator, followed by a gap-down and continued selling pressure.
Current Candle: The most recent daily candle is relatively small (resemb
Multi-Year Base Building Near Breakout ZoneNMDC is quietly building one of the strongest structures in the metal space right now. After spending nearly two years consolidating and absorbing supply, the stock has reclaimed its long-term rising trendline and is now holding firmly above a key resistance-turned-support zone around ₹88-89. What stands out here is the sequence of higher lows since early 2025, showing that buyers are becoming more aggressive on every dip while sellers are gradually losing control. RSI is also holding near the b
NMDC Is Tightening — Big Move Incoming?NMDC looks like it’s at one of those “decision point” moments. The stock had a good run from the low-80s, but now it’s stuck in a tightening range between roughly ₹87 and ₹93. The recent move up got sold into pretty hard near resistance, which tells you traders still aren’t confident chasing it higher yet. Short term, it probably chops around unless one side gives way decisively. If it breaks above ₹93–94 with strength, the next leg higher toward ₹97–100 can happen quickly. But if ₹87 cracks, th
NMDC: Powerful Weekly Breakout From Multi-Month BaseThe Setup (Bias): I am taking a LONG bias on NMDC Limited (NMDC) on the macro weekly timeframe.
The "Why" (Technical Reasons): 1. Major Base Breakout: After spending months chopping sideways and building a massive structural base, the price has forcefully broken out. It cleanly sliced through the heavy historical resistance ceiling at $86.82.
2. Extreme Bullish Momentum: The breakout is confirmed by an explosive, full-bodied green weekly candle. This validates the momentum seen on the daily cha
NMDCNMDC is coming out of consolidation after long 4 months. So now as long as it is above 82 then it seems it may continue to rise higher and higher. The high since 2010 is nr 102. SO if it rises above 102 then there is v high probability that it will enter in to long term bullish zone and have potential to give multi fold return from there on. Keep it in watch-list and grab the opportunity whenever risk-reward is in your favor.
NMDC WeeklyThis chart of NMDC on the weekly timeframe is showing a classic Cup and Handle pattern, which is generally a bullish continuation setup. After a strong uptrend, the price went into a rounded correction phase forming the “cup,” where selling pressure gradually reduced and buyers slowly regained control—this is visible in the smooth curved structure. The right side of the cup shows price climbing back toward the previous resistance zone around ₹87–₹88. After reaching this level, instead of a sharp
Ascending Triangle — Breakout LoadingThe stock is forming a classic ascending triangle pattern, with consistent higher lows building pressure beneath a flat resistance zone around 86–88. Multiple rejections at this level have created a clear liquidity pool, while buyers continue to step in at higher levels, indicating strong underlying demand.
This type of structure often precedes expansion, as the market compresses before taking out resistance. A sustained breakout above 88, followed by acceptance, could trigger a fresh move towa
NMDC Limited daily chartThe chart shows a mixed trend with these key observations on the trendlines and price action:
Overall trend: The white upward trendline drawn from the lower lows indicates a long‑term bullish bias in the mid‑to‑long range (from around ₹60 to ₹83). As long as the price stays above this line, the broader uptrend remains intact.
Short‑term movement: The stock has formed a decline from the recent high (≈₹83) to the current level of ₹82.74, with a minor 0.24% drop. The red and blue moving averages
NMDC Positional Trading IdeaParallel channel:
The asset is currently trading within a defined parallel channel .
Selling pressure at resistance:
A high-volume bearish engulfing candle has formed at the channel's upper boundary, indicating significant selling pressure.
Two potential setups:
Price action is being monitored for two distinct trading opportunities.
Long entry:
A decisive breakout and close above the 84 price level would trigger a long position entry
Retracement opportunity:
Alternatively, a retrac
NMDC.. Can give breakout if moved out of this channell.MNDC is trading inside a channel as seen.. Tried to give breakout today but faced resistance at around 84.20..
Volume is building..
Need to hold above 84 for further movement.
If sustained then can go up to 90..
One can book profit at somewhere around 90 or trail the same..
NMDC Breakout from Monthly Flag Pattern - 40% upside possibleNMDC Breakout from Monthly Flag Pattern - 40% upside possible.
Fundamentals:
Stock is providing a good dividend yield of 3.99%.
Company has a good return on equity (ROE) track record: 3 Years ROE 23.6%
Company has been maintaining a healthy dividend payout of 34.1%
Technical:
Stock has broken from Monthly Consolidation - Flag Pattern breakout.
LTP - 82.6
Targets - 118+
Timeframe - 12-16 Months.
Happy Investing.
NMDC LTD ANALYSISTHIS IS MY CHART OF THE WEEK PICK
FOR LEARNING PURPOSE
NMDC LTD- The current price of NMDC is 82.61 rupees
I am going to buy this stock because of the reasons as follows-
1. It has given a breakout of last 1.5 year resistance with some good volume and looks great.
2. This stock has seen some great buying in 2023. I bought this stock in 2023 and played some good move. It has got time and price correction which was required.
3. It is showing better relative strength as it stood strong






















