NMDC trade ideas
NMDC FLAG BREAKOUT !!!NMDC was forming a flag pattern which is broken today(29-07-2021) upwards , it is a clear breakout. Stock may retest a bit and if retest is successful , we can see a good upmove .
Target 1 is easily achievable, hence you should book most of the profits there. This can be a good swing trade.
This analysis was done by me only for educational purpose. Feel free to share your views/feedbacks.
Broken Out with Good Volume!NMDC has given good Break Out on Daily Time Frame with good volume. One can go long now!
NMDC - Bullish Flag oattern - 200EMA bounce offNMDC has bounced off from 200 EMA aftern a long time. Plus it has made a bullish flag pattern while consolidating and is ready for an impulsive move.
Best thing is the price is crossing the CPR (weekly from below) so i assume we might see some action in the coming week if nifty is +ve . this is one stock to watch
nmdc flag breakout about to happennmdc close above the 180 level in day time frame confirms the pattern
1st traget will be flag pole 213
2nd traget 224
if weekly close above 260 levels further rally extend to 320 levels
sl will be your risk reward near swing low closing basics its good levels to maintain
dyor happy trading
My view on NMDCNmdc should give breakout above 180.
looking tgt 185-190-195++
we will use TSL from 174 after triggred.
NMDC At Strong SupportNMDC At very strong support
as nifty metal stocks are strong NMDC can give easily target of 195-205+ SL 164
NMDC Positional TradesNMDC is a Nifty Next 50 stock. Safe fundamentals.
It has just completed its OFS at 165.
The market price did go near to OFS but did not break it. Has been in green today while market is down.
There is an opportunity to keep buying it on Green line and selling on Red line for short term swings.
Expecting momentum to take it to 210 levels by Feb.
Let's see how this goes.
Not responsible for any profit or loss. Please do own DD. Thanks!
NSE:NMDC - FLAG CONSOLIDATIONScrip: NSE:NMDC
Trade: LONG (BUY/ADD)
Reason for trade : Long consolidation forming flag pattern in NMDC. Once daily candle closes above 181, long position can be initiated.
Disclaimer : Please consult your advisor before taking any trade decision. After all, it is only an idea!
NMDC - trend line break expected. Price forming a descending pattern and currently trading above the support so that it will break the trend line upside in the following week.
MINE MONEY HERETriangle correction completed.Got a decent bullish candle.Should enter right now. SL < 165. TGT OPEN. NOTE:This is my view not TRADING RECOMMENDATION.USE YOUR DISCRETIONARY POWER.
#NMDC .. Buy opportunity may come soonCheck the chart
easy setups with 1.62R and 3.42R
buy after candle closes above 212..
NMDC BUYING IDEA TAKE TRADES AS IT RETRACES
TRADE AT YOUR OWN RISK
STAY SMART USE STOP LOSS
THIS IS JUST FOR EDUCATIONAL PURPOSES.
NMDC Trading Setup1. Falling Wedge Breakdown
2. Bearish Pinbar at Resistance
3. Short Sell
4. Target 159.5
