NMDC Tgt 291Buy NMDC for 3 months target of 290, antique broking also has covered the stock in report on 26 Sep 2024
NMDC trade ideas
NMDC analysis for long termNMDC currently oversold, may be pullback from this levels, good support levels for long term entry.or you can wait trendline to break.
NMDC CHART IS LOOKING BULLISHNMDC chart is turned bullish after trend line breakout. These all my views are personal, not a buy sell .
NMDC trendline breakout with good volumeNMDC made a trendline breakout with volumes, we can buy at current levels, with SL @ 206 on daily closing basis.. TGT : 250, 273
Please Note : This is just an analysis, not a Buy or Sell recommendation
NMDC Ltd. ( 37% upside potential )
Sector: Iron & Steel
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in DAILY demand zone with RSI bullish divergence and bollinger band lower band support.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
counter trendline on daily chart may react as a resistance once it broke it will b rocket...
price may face at resistance ( HTF supply zones are self explanatory )
so plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
NMDC 1) Fake breakdown in hourly with bullish divergence
2)Trend line breakout with GAP
3)price in momentum according to Elliot wave
NMDC - Short opportunityWith Iron Ore prices correcting..
Short below 211 with a stoploss above 221.
There could be a breakdown..
Iron ore prices have fallen from $98 -> $93.
NMDC Buy now at 228
Target 235, 246, 258.
220 strong support
Downtrend going to breakout, breakout level 235.
Confirm with candle confirmation.
NMDC Breakout Soon NSE:NMDC
1. Wait for a breakout from the descending channel.
2. Alternatively, wait for the stock to take support in the marked green zone and watch for a reversal.
3. If the support level is broken, a further downtrend is likely (the stock is already in a downtrend).
NMDC Ltd. @ 210.94Sector: Iron & Steel
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
Promoters holding remains unchanged at 60.79% in Jun 2024 qtr
52 Week High 286.35
52 Week Low 103.80
All Time High 571.20
All Time Low 61.55
Book Value Per Share 119.43
Dividend Yield: 2.73
Sector PE 19.96
Face Value 1
Beta 1.55
Mkt Cap (Rs. Cr.) 61,818
Supports: 160/103/47
Upside can be: 303-338, 440, 570+
NOTE: Not a BUY or SELL SIGNAL.
All updates are only for the educational and knowledge purpose.
At strong supportNMDC CMP 222
that 220 zone is a strong strong support. We have a trendline support too on the weekly charts at the same zone. RSI is above the bull zone at this support. Composite on ur right is not ready to make new lows with price. Yet another positive indicator. Buy this counter post results. Its at a very good zone.
NMDC /Intraday Long or Short viewBuy @227 above showing strength and short @225 below showing weakness. with SL not < 0.90%
Disclaimer /Trade at your own risk. This is for educational and guidance purpose.
NMDC BULLISH AT SUPPORT.NMDC has came to its support area or say buying zone, Its has also made a bullish candle at its support. This shows Buying at the support.
NMDCCat was lokking good buy after 2% correction
Rsi is also good the target and stopped Loss is on your screen
NMDC -Down trend - Buy above 255.Hi all. NMDC is in downtrend. Buy above 254 for short term target 273 and 285. Hold for long term if price close above 285 after retesting 273. Long term target is 340.
Welcome.
Turning Bullish: NMDCNMDC has been consolidating around 250 levels for a long time.
A Long Buildup is seen in open interest.
The 250 levels has to be decisively broken to reach target of 285.
Monitor volume and momentum
NMDC chart analysisas per my analysis of NMDC chart this is the target. kindly dont take this as investment advice. do your own analysis before investing. thank you
Stock in DEmand Zone: NMDCNMDC testing its demand zone of 250 levels.
If the zone is respected, we can expect an upmove
Target levels aroung 285 (13%)
Amazing breakout on Weekly / Daily Timeframe - NMDCCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
NMDCBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
NMDC is trading near prev support zone Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
NMDC If continues to holds the prev week support level,
recovery towards 270 could be possible.
However in case of Bearish pattern at higher level, it may come back to prev week's range
Important downside support is around 245 zone
whereas upside hurdle is aroud 270 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
