NMDC trade ideas
Probability of breakout in NMDC.NSE:NMDC
Can enter the trade if it gives a breakout and retest.
(Note: Enter the trade on your own risk).
NMDC bullish structureNMDC bounced from the weekly support and in DAILY time frame have framed a very good Bullish Engulfing Candlesticks which clearly depicts that stock is trying to change the trend.
A long build-up can be initiated in NMDC above 145 if we get hourly good closing support in short term target of 175 are easily on charts in long term we can see bounce upto 300 also.
INVEST wisely always follow risk and position management.
NMDC LTD You guys can look upon this . Here i can see a higher possiblity for uptrend after some consolidation . i think the trend gonna start around 12 to 1.30 pm so get ready.
NMDC - Wait for the trend line BreakTake position when the trend line breaks. I would recommend to take entry only after the breakout and to avoid breakdown.
NMDC LONGChart is self explanatory
Enter Around 125 - 130 - 135.
Iron Ore Price reduced by NMDC but they have increased the capacity so there's will be no impact on revenue on YoY basis.
Disclaimer: This view is for only educational purpose
NMDC: DIWALI PICK (INVESTMENT)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 190-205 & the nature of the rise is clearly impulsive. From the highs of 213 stock as corrected 50% & right now trading near the level of 142. One should go long on the current levels and add on dips (if any) . Keeping Sl of 100 one should look for the target of 245/305/375.
Swing pickParallel channel break out and retesting,
Fibonacci retracement level 50% ,
If the price closes above 160, a rally can be expected up to 225.
NMDC - Multiple CONFIRMATIONSNMDC Current STRUCTURE- Rounding Bottom Breakout + RETEST
MULTIPLE CONFIRMATIONS :-
* Volume Expansion - Volumes since the last three months have been huge and continuously expanding
* RSI bullish Divergence- NMDC is forming flat bottoms whereas RSI is forming Lower Highs which is contradicting hence we listen to what RSI is doing and this is an early signal of a reversal that can be expected really soon!
* At The Golden Fib Zone b/w 0.618 & 0.5- We plot Fibonacci retracement and we see it is currently at a golden zone between 0.618 and 0.5 fib levels. We can take an entry when 0.5 gets broken by bullish candle or above 158
* Bullish Engulfing- At the second flat bottom it formed a bearish candle followed by a big bullish candle which indicates the previous candle was engulfed completely and hence it is a reversal candlestick pattern!
Comment your views/queries and thanks for reading!
HAPPY TRADING :)
NMDCLong Bounces from Support Zone
Buy On dip
Do your analysis before any investment
This is just only for educational purpose.
Double bottomwith RSI divergence stock ready for upside!! can target channel top intially and break of that can lead good rally.
Buy on dipsLong for tgt mentioned on the chart .. keep an eye on the break out for quick fire tgt ..
All the best .
Want any advice on particular charts feel free to consult..
NMDC - Journey Of A StockAlmost all chart patterns visible in this long journey
A brief Idea on how to track n trade a single stock over n over again through out its journey
How support acts as Resistance
How Long term resistance never fails to amuse us
How trade can happen using MTF (Tracking Daily / Playing Hourly)
NMDC_Pick for the Long TermPick for the Long Term!
NMDC is fundamentally very strong counter with very low PE level of 4.68. On technical chart, best levels for accumulation would be from CMP to 132.
PE 4.68
Profit Margin 45%
Promotor Holding 61%
Company is almost debt free
Stock is providing a good dividend yield of 5.45%
Company is expected to give good quarter
Company has delivered good profit growth of 19.78% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 39.39%
The best thing is that the stock has corrected and consolidated for quite a long time now. Buy and accumulate till 132 level.
NMDC LTD LONG (18 Oct)NMDC LTD LONG (18 Oct)
Ascending triangle breakout
Crossed all moving averages
Buy at CMP -158
SL-144
Target- 169, 176, 185
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
NMDC BUY keep on radar Investment Ideatarget 1. 180 target 2. 200 target 3. 220+ coming in this keep on radar
for educational purpose only
NMDC is turning after a solid supportNMDC is turning after a solid support and showing 5th Move on the ride now. skye is the limit now. Stop loss is very small. Just wait and watch
Best Buy available in this Bull run!!According to my analysis, I see a good buy in NMDC @153-154 in this bullish market.
Reasons:
1. Supertrend {14/3} generated a buy signal.
2. Average Directional Index is above 20* and is rising.
3. Above 200 ema & close to 50 ema**
4. 9 and 26 ema crossing.
Time frame: 1day, Strategy Type: Swing Trade
*ADX above 20 generally suggests that stock is not in sideways.
**But 50 ema may act as a barrier
I firmly believe that NMDCl is can give 5-20% in 10 to 15 days.
NOTE: This is my personal opinion only, not a tip or something. I am not SEBI registered, this is for educational purposes only, you may use my strategy but I will not be responsible in any way for the profit or losses if occurred.
NMDCNMDC long setup, taking trendline support and 200 days moving average support, refer chart for entry exit and Sl levels.
Trade setup in NMDCStock has been moving in a pattern and it is looking for a breakout from the pattern
NMDCLong term, good for Long term. Stock is moving slow though. It performs Iron ore manufacturing which is largely required all over the world now also Market is opening after pandemic. In next 1-2 yrs we can expect double the price ir at the rate 20-30% CAGR
