NMDC trade ideas
NMDC- Short term view- BearishHead and shoulder breakdown and daily,weekly indicators are showing bearish signals so these will help to reach the target. Refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
NMDC NeckNMDC has been bouncing over the neckline for a couple of months . current;l testing th neck ahin
NMDC ORB Trade in D frameEntry is on 26th August at 102.5 and initial stoploss at 98.35
Tsl1 is at 100.95
tsl2 is at 101.95
tsl3 is at 103.20
tsl4 is at 104.35
tsl5 is at 105.15
then stop loss hit . So total points = 105.15-102.50=2.65
NMDC short term viewIndicators are going to turn positive side for short term. It will break the triangle on coming days based on indicators. After triangle breakout, target will be @123. Most of the time I given my views before breakout by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout(110 on closing basis) and risky traders can buy from this level. Stoploss: 101(closing basis)
Vijayaraghavan,
Kovilpatti.
Consolidating at multi week supportBroke out of channel and consolidating sideways,if sustains above those channel and line, longs can be taken.
Keep in watchlist
NMDC - On its key supportNSE:NMDC is on the verge of breaking down key support.
One can short it below 96.45
T1 - 87.70
T2 - 75.80
SL - 104.85
NMDC LOOKING FOR BUYLooking for buy because as i can see price was coming down in the formation of LL/LH but there is lack of momentum in downtrend and price bounced from support so as per my price action analysis price will go up fast once buyer take the control on overall market, So i will wait for entry signal, If entry signal is not found then I will skip trade.
LONG NMDCI hope you can now see how NMDC CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price and time analysis you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
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Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these CHART will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these CHART are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. Unlock Financial has no responsibility for your trading results. There is a high degree of risk in trading.
NMDC : Coming out of the woodsOversold on the daily charts, one can pick longs here at 123 around with stops at 118 for a 1:1 trade
