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
NMDC trade ideas
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.
NMDC 1 Hour SHORTNMDC @ 128.95 is breaking down. But its a risky, we are in the middle of the trend.
Target 1 :: 121.75
Target 2 :: 119.45
Should be observed carefully, trade as per your knowledge. This is just to put on your radar.
NMDC : RISK/REWARD 5:1NMDC trading at 129 which is a Fibonacci retracement 0.618% of previous major swing from 162.70 to 74.80.
It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement.
Short at 128.95
Stop 131.65
Target 115
RISK/REWARD 5:1
Fibbonacci retracement 0.618%
Upper trendline as resistance
POSSIBLE EVENING STAR FORMATION IN NMDCPOSSIBLE EVENING STAR FORMATION IN NMDC. SHORT IF GAP DOWN OPEN. VIEW NEGATED IF EVENING STAR HIGH BREACHED.
NMDC: Short term buy. Target 160NMDC braked out of one year consolidation phase.Actually last two days movement is very swift. The same may continue for some more days. But above ₹125.00. If retests the trend line add more. 3 to 6 months target ₹160. After correction of ₹20 to 30 next target ₹180.
NMDC LOOKS BEARISHNMDC looks bearish. On 4 hour charts it form INVERTED HAMMER candlestick pattern at daily SUPPLY ZONE. And also there is bearish divergence on RSI.
So in coming sessions it may fell to 113 & 110 levels.
