NMDC trade ideas
NMDC IS ONCE AGAIN A BUY ON TECHNICAL CHARTSThe stock of government-owned mineral producer NMDC more than doubled investor's wealth in the last 12 months.
Reasons: It has been in a rangebound trade since hitting a 52-week high of Rs 213.15 on 12 May 2021, but now the stock seems to have resumed its next leg of the rally, 1. HH & HL confirming UT. 2. Breakout from trendline which was respected earlier.
Traders can look at buying the stock for a target of Rs 195-240 which translates into an upside of 13-32% in the next 1-2 months.
NMDC for swingNMDC is on important trendline support and also given a breakout. Now it has come to retest. So a good swing trade can be initiated on any bullish move.
NMDC MAKING A FALLING WEDGE PATTERN- BULLISHNMDC has made the falling wedge pattern and one can look to go long on break of the resistance trend line and retest for the following target.
T1-213
NMDC Ready For 20% - NMDC AnalysisNMDC is buy from the given level.
Buy - 174-173
Sl -169
Target - 185 200 210
Duration - 1-2 Week.
Descending Triangle Breakout in NSE: NMDCNSE: NMDC has broken out an descending triangle pattern with good Volumes. It has taken a pull back and ready further uptrend.
NMDCStock has given breakout from flag pattern. Buy above 185 TGT 10 to 12% SL 170. For educational purpose only. Kindly contact your financial advisor before entering any trade.
NMDC Channel BreakoutNMDC has given great channel breakout and the volume has been good, also futures OI has been rising and Long Buildup is forming.
Trade with caution. Appropriate risk management and position sizing.
NMDC Triangle BreakoutTriangle Breakout is very effective and accurate BO pattern I have ever used.
NDMC showing BO on daily.
Perfect accumulation zone 177 to 184.
Target -191/243
nmdc buyingsideHello guys i had find this trading setup in 4h timeframe which is in buying side also broken trendline and ready to move upside we have a good buying opportunity now with below sl and above tg also do your own analysis before taking any trading decision thank you
NMDC strong BreakoutNMDC breakout of pole and flag pattern in a daily time frame
1-week consolidation and breakout with good volume
fibo level bounce back
Metal sector Positive.
NMDC: BULLISH FALLING WEDGE BREAKOUTPrice action in NMDC shows a clean breakout of a downsloping wedge pattern. Metal stocks are on a roll and NMDC could soon follow suit. Buy at CMP, keep a stop below 170 and shoot for a target of 195+, Hold for around 14 days.
SWING: Flag & Pole Breakout | NMDC NMDC daily: Looks good for more upside at CMP
1) Flag Pattern BO
2) Good volumes
NMDC BRACKOUTNMDC IS GIVE BRACKOUT FROM ASSENDING TRIANGLE. AND AFTER RETEST IT WILL GO MORE.
CMP 182.75 KEEP EYE ON IT
NMDC Long NMDC tried to do breakout from Triangle pattern 4 times
which were on 12th May, 7th June, 22nd June and 5th July.
with the help of help of today's rally in Metal stock NMDC could succeed to do breakout.
I am Bullish on it, on the basis of Price Action .
NMDC 4H chart, Bullish ViewAs can be seen from chart, it has two chart pattens combined and a breakout from both patterns same time.
Falling wedge and Descending triangle.
Long above 184 can give 187/189
Long on NMDC for Positional!Pretty positive trend shown by NMDC, broken the trendline with Target1 and Target2 and beyond.
SL is pretty close for R:R for 1:1.5 or 2.5
Not a recommendation though. Please undertake recommendation from your Financial Risk Advisor or personal judgment for trading.
