[Bounce] NMDC Swing AnalysisIt is in sideways trend.
I will avoid if the sell case triggers and will do if the buy case triggers.
NMDC trade ideas
Downturn TGT : 75 1 - Low bollin @ 75
2 - Preparing to make double bottom
3 - Buy @ 75 for TGT 92-95
NMDC: Buy at 92Channel since March bottom at 61.
RSI was overbought with last week's rise.
At 92 levels lot of froth would be out a great great opportunity to get in.
Support @ 75 / 63 - TGT 95Buy at 75 and add on dips until 63.
To move 20 points up once upward move ( +30% )
Oversold - RSI
7 % of Dividend Yield @ 76.
NMDC Long Perfect Breakout captured by system along with Perfect reversals patterns. Good profits reversal trades as well as break out trades
NMDC looks strong. to continue momentum, need slight support from nifty . Direction given in chart
NMDC TARGET UPDATE 8-9-2020Once again good levels to enter near 91-93.. for upside 105 and 115.. with SL 84..
NMDC Short Term Trading Analysisa. Zone: Strong Bull
b. Resistance 1: 108.45
c. Resistance 2: 114.70
d. Support 1: 106.05
e. Support 2: 104.50
NSE:NMDC
At target, as discussed. Super Bullish !!Those who entered in 2nd chance also would have made good profits. Now price is super bullish and reached the resistance, that is channel Top. Now book your profits and wait for the price to break the pattern or else let it get rejected from the resistance. Wait for the opportunity and enter the trade.
NMDC: Cup & Handle formation in ProgressNMDC is near its major supply zone on 96 rs levels. It has correcred thrice from these levels.
Price has been fluctuating between 80-90 levels for many days & had made a cup like structure. Handle formation has been started.
If it brokes the resistance of 96 rs with good enough volume, go long.
buy: above 96
Target: 105
SL 85
#NMDC - WEEKLY CHART VIEW!!#NMDC
NMDC Ltd. consolidating right above the breakout area and likely to stay positive until it stays above 93-95 zone.
Technical parameters looks strong as of now.
Likely to see further momentum above swing high of 100 level.
Probable resistance in the medium term comes at 110 and 120 respectively.
Keep a watch.
Buliish Shark on NMDC Monthly Chart Buliish Shark on NMDC Monthly Chart
BUY range 65-95 is accumulation zone in small quantity.
stop loss 55
Target 150
view 1.5 yrs
