NMDC trade ideas
NMDC
The stock moved past its resistances around 250.
The Monthly RSI has also cleared its bear phase resistance of 70.
The on-going up-move is expected to test its next resistance zone placed between 355 and 400.
Bullish outlook remains intact as long as price is above 235.
NMDC - Ichimoku Breakout📈 Stock Name - NMDC Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 270.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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NMDCNMDC
This stock is showing strength can be bought at current levels of 267 and a stoploss should be placed below 257 with a target of 277,287.
NMDC BREAKOUT AFTER 12 YEARS ?cmp 147
1) RESITANCE RANGE FROM 12 YEARS -- 140-------160
2) Formation of Inverted H&S pattern is longer as well as smaller time frame.
3) Breakout Candidate
we can buy it in cash for minimum 50% target
TARGETS 155 / 160
{weekly closing above 160 will be considered as breakout}
For-- 180 / 200 / 220 / 240 / 260 / 280 / 300
CBSL 110
Just Buy and Forget.........
Regards...
Keshav..
01/10/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
NMDC Ltd. ( 20% upside potential )
Sector: Iron & Steel
Good fundamentals with 1.39 dividend yield ROE 25.3 and ROCE 31.9
monthly & weekly structure bullish N showing strength
now as we can see Daily TF makes bullish n makes HH & HL pattern with strong RSI conversion...
so swing trader may accumulate for 20% upside
long term investors may accumulate this for ALL TIME HIGH....
NMDC bullish; above 250 ? - Thursday 25-Apr.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
breakout in nmdc self explanatory chart
breakout with huge vol..+ retest at 30m t.f
tgt 310 / 438
stop loss - 235
im not sebi registered kindly see this view as a learning material
please consult your financial advisor before investing or trading
TREND CHANGED IN NMDC - FROM BUYING ON DIPS TO SELL ON RISE ?NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
This PSU stock has given great returns to investors as well as traders in last one year.
Although there exists so many positive talks about NMDC's volume growth, sales growth & capacity enhancement etc. which are fundamentally good but I think trend is changed in NMDC.
This stock was buy on dips since May-June 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise.
I will find opportunity to sell it on each rise until it breaks 235-240 level.
So, Is it still buy on dips or has become sell on rise?
Only time will tell!
P.S. : This stock is on my main watchlist for a short trade.
Inverted H&S is making in NMDCHi Trader,
The NMDC is looking good on chart. It is making inverted Head &Shoulder on daily time frame. It has a neckline of around 247 . If it crosses and sustain, It will be ready for another towards upside to the price of 292.
So, Watch out this stock for a good trade in coming week.
Happy Trading!!!
NMDC Positional LongNMDC is Bullish.
Above 200 EMA on hourly basis
ABove resistance Zone
Metal Sector Is Bullish.
Crossover Trade - NMDC📊 Script: NMDC
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is trading near middle band of BB.
📈 Already Crossover in MACD.
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 57.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 224
🟢 Target 🎯🏆 - 243
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
On daily candle stick NMDC is bullishOn daily candle stick the NMDC is bullish and it will reach 240 target in coming 2-3 sessions. Keep watching.
Long on NMDCTook support at 200-203 level, gave a solid rally on Monday, so can continue the bull rull. Can expect a further rise of 5-6%.
NMDC buy CallHi everyone i would like to inform you that if you are looking opportunity in NMDC then this is the good level to buy NMDC between 194 - 198 and we can expect the target 207 ,215,224 ,235 in short to long term and consider SL 177 - 175.
NMDC LIMITED (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
NMDC LIMITED
Target: RS 255
CMP: RS 242.65
ENTRY RANGE: 240-245
STOP LOSS: RS 233
Disclaimer: I am not Sebi Registered.
NMDC H&S pattern on Daily ChartNMDC has created amH&S pattern on daily chart. Trending above 20 EMA. Volume is good.
If move above 140, may move further to 170 range.
Daily RSI is little high at 82.
This for study purposes only.
NMDC Next TargetLower Bollinger Band supports Price
it may be treated as SL
Upper Bollinger Band is treated as the target
The next target may be 248-250
if anyone enter in NMDC March Future at 235 the target is 13 point 248.
anyone can profit of morethan 50K per lot of future trading.
Target for NMDCLower Bollinger Band supports Price
it may be treated as SL
Upper Bollinger Band is treated as the target
The next target may be 248-250
if anyone enter in NMDC March Future at 238 the target is 10 point 248.
Anyone can make profit of more than 40000 Rupees per lot .
NMDC - Ultimate Swing Trade Opportunity!Hii all! 🌟
Get ready for an exciting swing trade opportunity with NMDC Ltd #NMDC 📈 Leveraging the powerful combination of trendline support, Fib retracement, and a bounce off the 50 EMA, NMDC is setting the stage for a stellar upward movement. Our meticulous analysis, including multiple timeframe scrutiny and momentum indicator support, reinforces the bullish outlook for NMDC. Don't miss out on this golden opportunity to capitalize on the swing and positional setup with NMDC Ltd.🚀 #NMDC #SwingTrade #Bullish
- Remember to conduct your own analysis and implement proper risk management strategies. Thanks
