#NMDC #NSE - INVERSE HEAD N SHOULDERS NMDC - Gave a breakout from INVERSE HEAD and SHOULDER PATTERN.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
NMDC trade ideas
NMDC - About to cross 12 years Price!CMP: 165.25
If Monthly closing comes above the trendline one can take long in this counter.
SL would be little deep (Previous month low) 122.6
T1 = 195
T2 = 233
T3 = 394
P.S: This chart is based on monthly TF. Targets might take a lot of time so invest/trade accordingly
Disclaimer: Not a SEBI Registered. Not a Buy/sell recommendation
Trade-61/100-NMDC-R:R Experiment-BuyBuying NMDC in DAILY positional trade
Good structure making HH-HL.
NMDC breaking 10 year support.NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
NMDC is the largest iron ore manufacturer in India accounting for 18% of the total domestic production.
Capex plans for the year are around 2000 Crores.
Target of 2500 Crores for the next year.
Preparing for a quantum leap in the next few years and aiming for NMDC 2.0 with increased efficiency and scale.
Plans to make a quantum leap to 100 billion tonnes in the next five to six years.
After 12 Years Breakout for NMDC ● STOCK : NMDC ●
KEY POINT 🔑
●●●●●●●●●●●●●●●●
➡️ Time Frem : Daily , Weekly
➡️ After 13 Years Consolidated Zone Breakout
➡️ Strong Volume
➡️ RSI Positive 60++
BUY : 162
STOP LOSS : 148
TARGATE : 200,220
☆ Long time be Good stock ☆
¤ NOTE ¤
This is our personal trade for learning and not a recommendation to buy
NMDC-LIKELY INV HEAD&SHOULDER PATTERN b/outNMDC: Likely IHS Pattern breakout.150 Neck line break out point and sustaining above 150 as per the IHS Pattern the tgt would be 170+.
(For educational purpose only)
NMDC inverted head and shoulder and monthly breakoutNMDC inverted head and shoulder and monthly breakout
NMDC - Monthly Breakout Series (Stock# 2)This is my second pick for Oct in the monthly breakout series.
1. 150 level has been tested multiple times in past since 2011
2. Decent Volume.
Entry - 150+
SL - 139 (Day closing basis)
Target - 165, 177
Post only for educational purpose
Thanks
Piyush Gupta
Learn & Earn
NMDC PERFECT PLAY OF SUPPORT AND RESISTANCEThe stocl has followed a channel since beginning and in continous range bound setup 49-153 is the perfect range for the stock however this time the stock can breach the 153 rs mark as it has given a breakout from cup with handle pattern and also more the freqency of the touch of price to resistance can make it weak and a potential opportunity for breakout
NMDC getting ready for a multi year Range BOThe stock has good volumes and close to testing it's strong resistance range of 151-155.
One can enter intraday above 151 and swing above 155 on day closing basis.
Positional targets cane be 163, 173, 185 and more.
Learn & Earn,
Dr. Tanya Kumar
NMDC: 10 Year Inverted head and ShoulderNMDC is poised to breakout of a massive 10 year inverted head and shoulder pattern. High volumes and high RSI.
Nmdc Breakout abv 146Nmdc ready for more big move abv 150
long invest for target of 180+
150 ce long
Can give wild moves like Coal india
NMDC#NMDC - The stock is forming the inverted head and shoulders pattern and currently trading in the supply zone. The relative strength is also positive. All these conditions are favouring to go long in #NMDC.
NMDCNMDC:- Head and shoulder pattern has been formed, breakout has also been given, but don't plan anything until the price becomes sustainable.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Don't miss golden opportunityNMDC showing signs of reversal towards all time high 400.
Keep watch on NMDC for longest consolidation of 11 years. It may break this channel and start journey towards 400
NMDC long #positional NMDC share buy on dips
Positional targets 160-190-250
Holding time 6months to 2 yrs
QoQ strong earning growth hidden by other income (not regular income) in last quarter. High margin on low revenue. With increase in production and revenue margin will grow stronger.
NMDC LongNMDC Buy for 123 upside ..Support 114
Stock is near breakout and possibly should move up from here..
NMDC - INHS BreakoutNMDC has given a BO in the Weekly charts with a reversal pattern which might be a reversal in the long term trend of the stock.
All the metals are looking bullish but NMDC has a very favorable RR for going long.
All the technical indicators are pointing towards a huge up move in the coming days!
Keep it in radar and its a buy on dips! Stock may come to re-test the BO which will be a perfect entry for us to go long.
