NMDC: The Investment BetNMDC retraced almost 78% of the 3rd wave and 61.8% of the whole move from 75 to 152. The stock seems to have made a nice reversal near 102 for the beginning of wave 5. As per this Elliot count, 152 levels are quite possible in medium term.
Entries -- either current price or any lower price if and when the opportunity arises.
Targets -- partial profit @ 133, trailing the rest of the position for final target of 150.
Stop -- 102
Hit like for better analysis in future. Comments are welcomed.
Trade safe.
Best Regards
Bravetotrade
