NMDC trade ideas
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
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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 ..
NMDC Ltd ready to give breakout after consolidationTHe stock was in consolidation mode. Now it can move up in a week time.
T1 203.90, T2 225, SL 172
But NMDCAccording to chart anylasis NMDC breakout symmetrical triangle pattern and closed above upper trandline of triangle. So we can buy NMDC.
BUY @cmp 184 or above.
Target : 193, 197, 200++
NMDC BULLISH SYMMETRICAL TRIANGLE WAIT FOR BREAKOUT AND ENTER
1.SYMMETRICAL TRIANGLE
2.OVERALL POWER SECTOR LOOKING BULLISH
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
NMDC intraday trade idea for 29th JuneLevels mentioned on the chart via the usage of trendlines. The structure seems bullish as it retraced from the AVWAP level at EOD.
[POITIONAL] NMDC : Descending Traingle New Plant on its way. Plus good pattern.
As per Chart.
Sl is horizontal line
DD Advised.
Buy Nmdc for swing tradeGood Morning Traders,
Kindly consult ur own finical advisor or do your own research before taking actions on my views . Me and my post will not be responsible for any kind of loss if u trade on this views.
Stock :- Nmdc
Buy Range :- Rs 180
Stop Loss :- Rs 175
Target :- Rs 190
