NMDC trade ideas
NMDC |BO and Pull Back| Cup & Handle | Volume | 3 Hour TF NSE:NMDC
Long Trade Opportunity
Breakout after nice consolidation.
Cup & handle pattern with BO from supply zone with volume support.
Pull Back also done.
Target is choose based on multi-time frame resistance. RR 1.05
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NMDC 1M chart, important level. NMDC is on 1M trendline resistance. If breakout then Target 1 is 160 and Target 2 is 200.
NMDCWeekly Resistance Date Wise
1) 02/06/2014
2)08/01/2018
3)20/01/2020
4)22/02/2021
The above mentioned dates indicates the strong resistance for NMDC stock. Stock has tried four times to break this level but NMDC stock could not able to break this level.
So in this time if NMDC stock break the 130.10 price level then this stock will show good upside movement.
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NMDC, ILOOKING REALLY GOOD FOR NTRADAY & SWING Levels mentioned on chart.
Thanks
Piyush Gupta
Learn & Earn
7 YEAR Pattern in NMDC, Breakout is Possible.NMDC is forming a wedge pattern on weekly time-frame, and it is a 7 year pattern, it is also getting good support and resistance, Bullish breakout is possible and very good move can be expected.
Analyze properly on your own basis before entering, this is not a call, it is only my view.
NMDC: Bullish continuationBuy on dips with sl of 115. for target of 132/139. Conservative target 129.
NMDC LTD LongNMDC LTD LONG
Head & Shoulders pattern formation.
wait for close above 123
Buy at -123
SL-112
Target-130, 138
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
1:6 RR - NMDC Good Long Opportunity - Short Term TradeGood Long Opportunity for Feb expiry. The 15 mins downtrend that started on 21st January 2021 was broken recently on 17th February. On 18th February the price made higher lows and higher highs and the previous swing wasn't tested. This is a sign of good strength. An interim resistance was broken today and the price closed taking support on the level.
Signs of Strength:
Nifty in Red but NMDC made higher highs
PSU Stock and PSUs are having their bullish rallies. This one is yet to rally since the budget.
Closing above resistance and taking the support.
Buy NMDC for a quick target of 122.5 and see if we sustain the level. If we break with strength then an easy target awaits at 130.
Keep a strict stop loss at 118.
There is a 40% chance of hitting the SL however since the risk-reward is too good to ignore, I have personally taken my position at the last minute today. I wouldn't mind my SL getting hit either. Once we cross 124, I will move my SL to 122 and ride until 130.
A clear head and shoulders forming on NMDC stockA clear cut Head and Shoulders forming now. Wait out for the breakdown to enter the trade.
BEARISH HEAD & SHOULDER PATTERN ON NMDCOn daily Charts there is a picture perfect Head & Shoulder chart pattern is on formation.I see some good downside in coming
weeks..
[HP] NMDC Re-Entry Trigger PointI was fearing it will become Lower high.
If my fear is true - It won't trigger again.
