NMDC - Short Short Short with SL 175.30Buy only above 181.60 on closing basis, now chance to short with stop loss of 175.30.
Note: This is for educational purpose only.
NMDC trade ideas
NMDC long callNMDC #
29.04.2021
Looks good buy around 151
stoploss 149
Target 157
CMP 154.5
Buy for a tgt 157 of 149 SL 149
It is just a view, pls trade at your own risk
NMDC Chart analysisNMDC
cmp 159 Buy above 151
SL 136
Target 161 - 168 - 195
Up channel breakout
RSI above 70
MACD Bullish crossover
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
