NMDC trade ideas
NMDC Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NMDC: Monday Approach. Detailed Technical Analysis.Trade after the breakout of channel or at the small gap up.
NSE:NMDC
NMDC AnalysisDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Good r:R!The stock is exactly at the edge.
Could be a good trade.
Be careful.
I will update you guys, if I enter.
Want to make money along with me?
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NMDC STOCK: Showing high contraction after a channel breakout.These, a simple but very powerful way of trading PRICE ACTION PATTERNS. Only after getting a clear breakout from a down trend line(red line), you can take the trade.
In case, if there is any gap up opening than the setup dies {R.I.P}.
Trend line is the targetPrice breaking the pattern inside the pattern to move up to the trend line. Good time to buy and keep stop below the pattern.
Technical EntryA technical entry has triggered on this stock.
But be careful of the market sentiment.
I have not entered this trade yet.
However, I will enter on the reversal.
Will update it in the ideas.
Want to make money along with me?
-Click on the follow button.
NMDC Ltd. - STILL BEARISH !!NMDC Ltd.
The stock is moving in the upward channel and has taken a support from 100EMA in a daily chart.
RSI IS IN BELOW 60 & SEEMS NEUTRAL.
ADX IS FORMING A CURVE REPRESENTING A BEARISHNESS IN COMING DAYS.
***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH***
***TE BANDS ARE IN RED ZONE***
I belief that the weakness is likely to get extended below 81 level. 77 is the nearby support followed by 75.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
