NMDC trade ideas
NMDC W pattern, will move up in the first one/two hours tomorrowclassical W pattern in 10 minute chart. volumes in upside of "W" greater than volume on the decline of the W.
NMDC: Sell @ 123.90 SL: 125 and Tgt1@122, Tgt2@119.40NMDC lost 6% on NSE today with twice its average traded volumes. Fresh shorts have also been initiated.
SELL NMDC@123.90 SL:125 TGT1:122, TGT2:119.40
NMDC - Another PSU Mutibagger for 2018Given Daily And Weekly Breakout Last Week..
If Tommorow due to OFS News.. It comes in 150-153 Zone..
Than Buy With Stop of 142 ( Breakout Candle Low)
Just Look at Breakout Candle Volumes.. Highest Volumes in Single Day in Last 2 Years
Short Term Target - 160/170+
Long Term Target - 220/250+
ascending triangle breakoutAbove chart there is ascending triangle break out and channel has also break out
Delivery Longs| SL 98-100 | Tgt 170Falling on decreasing volumes, found support near 100 zone , whihch also happens to be 61.8 Fib retrace. Go positional longs for 170 target.
NMDC - Weekly Breakout If the price holds above 137 on weekly basis, we may be seeing much higher levels. Best way to trade is go long with stops below 136.
NMDC @ 133.15 Buy above 135 for Targets of 138,141,147.SL 128Currently at a FIB levels of .68 from the fall from 150 to 103.
Breaking out of the Downward Trend. There has already been a false breakout. Wait for confirmation.
Buy above 135.
Targets 138,141,147 and 150
SL 128
Breaking out with volumes (long term perspective)NMDC giving clear breakout with volumes. Enter and add on dips upto 123.
Maintain targets of 150+ (30% quantity) and 200+ (remaining)
Dividend yield is 4%
Long on pull backI am looking to go long on pull back with stop - 2 Point on entry for Target
Regards
NMDC short setupShort NMDC below 127
T1: 123
T2: 120
T3: 117
SL: 133
We will go short again if 116 level is breached
NMDC - WeakNMDC might be making H&S pattern
For short term gain short NMDC at 133
Target 120
SL 136.5
For long term chart target can be followed.
NMDC AT GOOD VALUATIONS It has been observed that the price action is trending down technically but on the fundamental side the valuations are improving and looking good. Some of the key valuation indicators are as follows:
1. P/E: 13.3 (Undervalued)
2. Book Value: 74
3. Debt to Equity: 0.01 (almost a Debt free company)
4. Current Ratio: 3.3
5. Net Profit Margins: 30%
6. Return on Assets: 10%
7. Return on Equity: 10%
8. Reserves & surplus: 22000 cr.
Overall, the company has a good and sustainable fundamentals and it shall perform well in future. As per the Motilal's research report the long term target is Rs. 180, a return of 50% from here on. (link to the report www.motilaloswal.com)
Short term Technical Target
T1 - 126
T2- 131
SL - 116
Long NMDC, Channel breakout coming soon !!CMP: 132
TGT: 148
SL: 127
It is observed that the price is moving in an upward channel, can breakout soon.
Disclaimer: I am a novice at charting and this chart is for educational purpose only . Views an opinions are welcome
NMDC Trading Opportunity Trade has not triggered yet! The setup is not very much conservative as the ratios are quite wild!
XB = As long as it is less than .618 we are fine but we prefer it to be .382 to .500.
BD = As long as it is more than 1.618 we are fine but we prefer it to be 1.618 to 2.618. This is not much that important.
AB=CD pattern is usually extended. We shall talk about this in the example.
XD = 0.886.
AC = Range between 0.382 and 0.886
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD.
A common stop level would be behind the X-point. Conservative traders may look for additional confirmation.
NMDC - Inverted Head & Shoulders BreakoutPlease refer the chart.
Height of the pattern - 25 points (approx.)
Target = 131 + 25 = 156
CBSL = 128
NMDC - Cup & Handle BreakoutCup & Handle Breakout above ~131 in NMDC.
Depth of the cup is approximately 25 points.
Can go long for a target of approximately 131 + 25 = 156
SHORT NMDC FOR TGT 103STOCK UNABLE TO CROSS SMA200 + BAD FUNDAMENTAL NEWS DT 30 AUGUST 2018 17:22 IST
www.business-standard.com
NMDC revises down production targets by 33 % due to slowdown
NMDC forming Inv HnSAll mining stocks are suddenly looking bullish... NMDC forming a inv HnS, breakout above 128.
