NMDC trade ideas
NMDC - Lockdown liftAs all the NMDC mining areas are in Safe zones ( with zero cases ), NMDC will start Operations from 20th.
Considering good support zone from 80 to 78/- Taking a LONG position.
78/- will be my Stoploss
NMDC has triangle pattern NSE:NMDC has triangle pattern and it is nearing towards the 50 ma in daily timeframe
NMDC: Likely heading towards 89 - 93 levelsNMDC
Levels are mentioned in the chart.
Alternatively one may consider the following F&O strategy
Consider selling NMDC 30 April expiry Put option
Strike Price: 80
Lot size: 6000
Recommended selling range: 4.5 - 5 (Closing price 5.2)
Time frame: 30th April 2020
Max profit potential Rs 27000 - Rs 30000 till 30th April 2020
The strategy has inbuilt loss protection for a fall in price in Equity up to 75.5 - 75
Take care & safe trading...!!!
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NMDC - Right angled descending broadening patternNMDC - Right angled descending broadening pattern
Buy above 80
T1: 85.50
T2: 88.50
T3: 92.50
SL: 74
NMDCNew Chart>
#NMDC 30Min chart is given breakout in #CupHandle pattern now stock can move towards 85-88-90-94 levels in the next 3-4 days with the help of 77.00 support level on the chart.
#Technicalanalysis
Long ( Ready to bust up side )One can look for buying on 5 finger boogi brake , its a puzzle if you can understand it then you are the winner in this trade
Good luck
Future predicted move with Projection on NMDC.Projection is clear in the chart, I don't think that I have to write here.
Accumalte NMDC in range of 70 by keeping stop loss of 63NMDC having dividend yield of 10% and good to buy in this range . I will be buying this stock in range of 70 to 75 for long term target of 91 and 115
intraday sell NMDC IN FULL NEGATIVE TREND SELL POSITION ARE CREATING IN INTRADAY BASIS
SELL NMDC @101.50 TGT 100, 98.50 SL 102.50
Swing optySwing opty for educational purpose:
buy above 114 for target of 140
bounced off from Support
#4 Long NMDC22.02.20
Buy #NMDC at cmp105
Tgt 114 /120
Three time strong supports at 97
Note : This is an eductation purpose only.
[Positional] NMDC Buy trade (Read Gamble)Buy with small stop loss.
Or, better is to wait when the gap triggers upside.
