NMDC, Near Crucial Breakout Level NMDC near crucial level.
Price also taking support above 200ma
Once its breakout 140 level with good price action can taken be as long postion for nearest target 170-190+
NMDC trade ideas
NMDC Multi Year Channel BreakoutNMDC has broken out of a multi year channel last month and once last month's high is taken out, we can expect a decent upmove in the stock with this month's low as stop loss.
NMDC BUYAnalysis as explained in chart. Buy at breakout. Targets can be 160/190
This idea is for educational purpose only.
Please use strict stoploss and money management rules.
Please consult your financial advisor before investing.
If you support the idea, please hit 'Like' button.
Happy Trading!
PS: 22nd march is Dividend date for this scrip.
NMDC (NSE) analysis based on support and resistance area.It seems that NMDC is respecting the weekly support line also the same area is in the range of 50MA and 0.5 Fib level of previous swing. If it again correct itself from weekly support line there is a good chances that we can see the breakout.
NMDCA great example of breakout failure. If break level of 124 then stock will continue their journey towards down side. So keep eye on it. If you like my idea then please follow
me on trading view.
Keep learning and keep growing
Thank you
NMDC Weekly Trendline BOBUY above 140, hold it for a quarter, and trail the targets based on the given support & resistance.
NSE:NMDC
NMDC ready for outburst with good volume accumulation!!!!!Showing "W" pattern formation with major resistance tested thrice at same level with good volume accumulation...NMDC ready to give good up move
NMDC targets 145 , 175NMDC has shown stability in a range and is now looking to move to targets of 145 and then 175 in medium term. Good to keep a stop loss levels of 123 ( SL1) and 115 (SL2). Analysis for own knowledge only.
Buy NMDCBuy NMDC above 133 TGT 140 SL 128. Half qty can exit at 140 & balance can sell above this to ride the trend. Seems stock taken well support at 130 level . This is for your educational purpose only.
Watchout for Resistance breakoutThe stock looks good above 140 for targets of 148 and 158 positionally
NMDC - Time to break the patternPrice formed 3 patterns in the past few days of trading. I tried to explain this in the chart by drawing the patterns.
One can expect a pattern break tomorrow or in the worse case it will break this pattern the next day.
NMDC | LONG TERM BREAKNMDC IS TAKING A STRONG RESISTANCE AT LEVEL 120.55
THE TARGETS FOR NMDC AS PER FIBONACCI ARE 121. 40 , 123.30, 126.05, 134.85, 136.80 & 139.55 WHEN NMDC GIVE A RESISTANCE BREAKOUT AT 120.55.
NSE:NMDC
