NMDC trade ideas
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
NMDC ltd.--> textbook short setup?The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Question on NMDCNMDC
Broke down of important support Levels.
Remain BEARISH till trading and closing below 172.5
Stock may move towards next support zones.
#NMDC .. Add to watchlist..can be huge opportunityStock Analysis on request from a follower ..
The stock price is hitting 11 year old resistances .. The overall chart structure is very bullish you can see the huge momentum through the steep angle of the move that is also supported by the rising volumes
The Volumes suggest a move up as well.. However, there has been huge rejection on these levels before so wouldn't recommend taking a trade now..
To trade NMDC.. Buy after daily candle closes above 197.. That would mean a BO from the descending Triangle and 11 year old resistance..That would be a huge bullish sign..
To ensure it is not a fakeout Breakout check the hourly charts to see if the support is properly tested...
My targets for mid term would be 300-305, 330
NMDC at supportNMDC in Flag pattern an critical support at 170
probable tgt 220+ after sloping Trendline break
view negates if closes below 170
High RR trade
weekly Kijun will start moving up after 2 weeks
NMDC: Near support levelsNMDC
173.30
- Offer for Sale by Govt at 165
- Support zone as per charts around 167 - 171
- Momentum might come above the red line
Target for the given set up 192 - 202 initially
Risk factor: If the yellow support zone is taken out, it may fall down to the blue line.
So have provisions have for that scenario too and plan your trade accordingly.
Take care
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
NMDC Looks Good !!!NMDC : cmp : 184.85
A bullish engulfing and white marubozu kind of pattern has been formed in daily chart.
Closing above previous high and RSI trending up.
After a significant correction it has been reveresed from the support lvl.
TGT 194/203
Sl 176 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
FLAG PATTERN ANALYSIS IN NMDC 05.07.2021BUY : 182 TO 161
TARGET : 238 TO 281
Reason For Buying This Script :
In this script after long rally now it happening some consolidation in weekly . And also forming flag pattern in weekly time frame .
Wait for flag breakout .
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
