NMDC trade ideas
[HP] NMDC Re-Entry Trigger PointI was fearing it will become Lower high.
If my fear is true - It won't trigger again.
[Positional] NMDC Budget BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
NMDC WEEKLY CHART VIEW!!NMDC WEEKLY CHART VIEW!!
NMDC Ltd. trading right above weekly support zone and 50% Fib retracement.
Likely to stay positive in the short term till the stock holds 103-104 zone on a closing basis. Immediate resistance in the short term comes at 110 and then at 116-118 zone.
Technical parameters looks neutral as of now.
Keep a watch!!
NMDC Weekly chart Analysis CMP 121 Short @ 132- 142 Sl abovNMDC Weekly chart Analysis
CMP 121 Short @ 132- 142
Sl above 150
Target 122- 110- 100- 90-80-70+
Abhi mujh me baki thodi si jindagi hai !!Dip towards 126.20-125.50 is an opportunity to go long with sl below 124 for taget of 134-136.
Disc : it's not an investment advise to buy or sell
#NMDC 13 years breakoutIf 125 sustains then huge upside in coming months. First target 140 then 200.
NMDC: Technical Analysis helps us capture 10% + Target NMDC
On 28th Dec, we had identified this trade where we saw a minimum 10% + trade potential.
The stock achieves it's 1st target of 128
Those who missed the bus, look to enter only if you see dips towards 122-118.50 levels for target 2 of 140.
Follow to get regular updates
Happy trading...!!! 😊
NMDC Chart set up and viewNMDC
CMP 115.90
The current chart set up has the potential to move towards 127-140 zone
Pattern gets invalidated if closing below 108
Take care & safe trading...!!!
NMDC - Long term channel breakout Previously shared this as a value pick around Rs83.
The companies steel plant is progressing well and is now a disinvestment target. Beyond that their core business of iron ore is booming w the steel cycle being strong. They this week increased ore prices again.
The stock has just broken out of a long term downward channel. Buy at CMP but the SL is deeper than the usual 117.
This stock could keep up its momentum in the coming weeks and also announce a super dividend in March 2021.
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 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.
