NMDC trade ideas
Breakout strategy there is a decent breakout in monthly chart and weekly and daily chart, after four years breaking out the channel pattern.
NMDC: Bullish continuation triangleA bullish continuation triangular structure is spotted in the stock NMDC. Go long on current levels & add on dips , maintaining the SL of 137 & look for higher targets of 157
NMDC ChartNational Mineral Development Corporation is The Public Sector Company.
This Share Give Brackout
NMDC Positional View !!!NMDC : cmp: 146.45
Trading near the resistance lvl as well as BO lvl of 148.
If it srpass d lvl and sustains above it then a fresh buying move possible.
So keep an eye!!!
TGT 153/161/171
Sl 139.7 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Mid to Long Term : NMDCAdded because --
1. RSI divergence (bullish) on monthly chart
2. RRR is very much favourable
3. Divestment and other theories + probable growth in PSUs overall
Levels and duration on the chart
NMDC - UP FLAGNMDC was in a consolidation since 9th April 2021. The consolidation was preceded by an up rally. This formed a price pattern UP-FLAG on a daily chart of this counter. The price gave an upward breakout on a daily chart on 27th April 2021 and closed at Rs.146.45. I anticipate the price target of Rs. 163 and suggest the stop loss at Rs. 144 to be followed for the four daily candles starting from 28th April 2021. Thereafter, the profit booking/ exit deacon should be based on a downward crossover of 26 EMA by 5 EMA.
NOTE: This is an attempt to predict future price movements. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
NMDC - At resistancePrice moving in a wedge pattern and inside the wedge a triangle pattern formed and today it breaks and reaches the resistance.
One can expect the price to break the resistance and move further up.
NMDC may retrace from resistance or breakout from current levelNMDC may retrace from resistance or breakout from current level
NMDC - Long term channel breakout Once again NMDC tries to break out of its long term channel.
Long at CMP with SL at 138. First target 165.
Iron Ore prices are up and their steel plant should be ready sometime this year and as guided they should be demerge it by sometime in the middle of the year which will unlock massive value.
NMDC | BreakoutPositional - Long Term Trade
POSITIONAL = Entry :- 140-145 | Stop Loss :- 130-120 (Or According To Your Set Of Rules | Target :- Let It Show Weakness, Till Then Ride It.
-- Look For Healthy Volumes . Or Get Ready To Exit The Trade.
(Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade).
Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.
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-------------Any Suggestions--------------
NMDC BULLISH BREAKOUTNmdc looks Bullish.
Has given a weekly golden crossover between EMA50 & EMA200.
Also, broken the trendline & horizontal resistance zone of 140 with good volume & RSI=70.
Tgt1: 152
Tgt2: 162
Tgt3: 188
SL: as per your bandwidth
Note: This is strictly for educational purpose.
NMDC Broke ResistanceNMDC Broke Resistance and one can go for long, if it breaks yesterday's high and hold for few days.
For Risky Traders
(Swing Trade)
Buy NMDC above 144 Target 150/160/170/180/190 Stoploss 136
