NMDC Buy Call - ObservationMACD has crossed over , Volume supports the move.
Resistance has been broken as well.
RSI is above 60 indicating strength in the bullish move.
NMDC trade ideas
NMDC YET AGAIN AT A BREAKOUTIT HAS FORMED DIAMOND PATTERN
BREAKOUT WITH GOOD VOLUME IS A SIGN FOR LONG OR SHORT ON WITHER SIDE RESPECTIVELY
TRADE SAFE! ;-)
SYMMETRIC TRIANGLE PATTERNNMDC WENT UP TODAY COS OF GOOD NEWS FOLLOWED BY GOOD TECNICALS
IT WENT UP AND TOOK CONSOLIDATION WITH DECREASE IN VOLUME INDICATIING A GOOD BREAKOUT FOR SYMMETIC TRAINGLE PATTERN
IT CAN BREAK IN EITHER DIRECTION BUT ILL BE LONG AS MARKET AND NEWS ARE POSITIVE :-)
#NMDC WEEKLY CHART VIEW#NMDC WEEKLY CHART VIEW
NMDC Ltd. made a retest to 200 SMA in the weekly chart and likely to stay positive till the stock holds 108 level on a closing basis.
Technical parameters look neutral to positive as of now.
Probable resistance comes at 122-124 zone. Keep a watch.
NMDC - Bearish Flag after STR breakoutHi Swing Traders,
NMDC looks good for a short after completing pull back. Check the charts for more info
I hope you will benefit from this knowledge
-MetaVish
NMDCNMDC has formed a nice bullish ABCD pattern on Weekly charts. PRZ 115.
Can do upwards of 120 if the momentum continues. Good volumes assisting as well.
Not a SEBI advisor. Charts are for personal trading purpose. Harmonic patterns for study purpose.
NMDC - VIEWBUY ENTRY POSSIBLE BASED ON
RESISTANCE BREAKOUT
SUPPORT OF VOLUME SEEN
FOR STRENGTH
double rounding pattern seen too
R:R CAN BE DECIDED ON PERSONAL BASIS
disclaimer - for study purpose only.
NMDC stoked for a fantastic breakout?NMDC is testing a trend-line that it has tested multiple times historically. If it breaks this, there could be a huge run upwards.
Watch out for decisive break.
Go long. Like and follow :)
NSE:NMDC
NMDC CHART LOOKS GOOD...NMDC has confluence of 3 breakouts which can help this stock to move tomorrow.
1. Cup & Handle
2. Resistance zone at 99-100 (respected multiple times)
3. Psychological level of 100.
It will be good buy 101 tomorrow.
TGT : 109 +++
Watch Our other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
NMDC BUY CALLThe share of NMDC has been increasing and there is an upward movement from past 1 month. according to me you should buy NMDC at 108.
Stop Loss : 102. Target : 125.
NMDC : A Good BreakoutNMDC has given a good breakout. If breaks the psychological level of 100, then can move up very fast. Next target is 110.
NMDC, 3 FACTOR CONFLUENCE (CHART# 383)NMDC has confluence of 3 breakouts which can help this stock to move tomorrow.
1. Cup & Handle
2. Resistance zone at 99-100 (respected multiple times)
3. Psychological level of 100.
It will be good buy 101 tomorrow.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
