Breakout of cup and handle in NMDC share. You can open up the chart and look at it in any time frame.
NMDC trade ideas
SWING TRADE NMDCReasons for taking this trade:-
1) inverted head and shoulder breakout
2)200 ema breakout
3) 1day timeframe bear trap
4) High volumes
wait for retest
enter on 30min bullish candle
target - 130 and 137
follow risk management
SWING TRADEEntry activated
targets are marked
stop loss marked
follow risk management
do your own analysis
do workout
do meditation
start reading books
Will it continue to rise?NMDC has formed a supply zone of 125 to 140 on a monthly chart. Forming a triple top pattern. Whenever price enters the zone it falls down. Hence it is at a crucial point technically. This does not mean that stock will fall now, it is all probability which increases when such patterns are formed.
intradaytake entry after 10 am
wait for the entry . important zones are marked
follow risk management and control your emotions
Long Position Opportunity In NMDCStock gave breakout of its major resistance and retested , now giving bullish sign for long entries.
CMP : 128
TARGET : 134
STOPLOSS :124
This is not a buy or sell call, this analysis is shared for educational purpose.
NMDC: Near 12 year range breakoutNMDC is consolidating in a range since last 12 year in rectangular pattern. Keep on radar for monthly closing above 142.
NMDC next stop at 133NMDC is getting strong buy momentums,
expecting minimum target as 133 in near term
NMDC Bullish trendRecovery seen from lower level. W shape recovery
Positivity in metal sector.
May see a breakout.
RS positive. Super trend buy. At lucrative price.
NMDC - Clear BO - Possible targetsNSE:NMDC - NMDC crossed and closed above around 1 year High.
Also crossed Wedge - and sustained the momentum.
Immediate Next target is 135 & next target is 159.
Clearly closed above the previous Week's High & Monthly High.
Also, stock is trading above all averages and OBV is also raising for some time.
Add to the watch list.
NMDC Multi Year BreakoutNSE:NMDC
Has given a breakout of multi year consolidation.
If sustain higher. Can give a multi fold Rally in next 3-5 years.
can come down to 110.80it seems that we are in the III wave (small time frame) in NMDC
and completed IIIed, 3ed and will see a small correction ...
I am hoping to see 152++ in the coming months ....
anyone can make an entry around 113.20 (half) and 110.90 (the other half) and wait for 128.20, 133 ..
stay cautiousregular bearish divergence before heading into a supply area, stay cautious in initiating longs on breakout.
Ready for Big Move Prefect Retest After month almost breakout of trendline and now retest and ready for move
125 recently strong resistance if is close above 125 the we can see a target of 140
NMDC - Bullish chart patternNMDC a very long term down trend and now a bullish chart pattern formation on NMDC - Falling wedge on Weekly time frame
NMDC SHOWING STRENGTH NMDC TREND BRK TRADE ACTIVE GO FOR BUY
TARGET 1 140
TARGET 2 160
if upside move continue trail ur sl
NMDC - Monthly breakout
Keep close watch. The red trendline is a very important level. Above red trendline will be a massive breakout on upside. Go long above red trendline. Long strangle in options recommended, check RR. Please reconfirm with your set up.
For safe play, wait for monthly candle close, above red trendline, Long is recommended.
NMDC: Ready for a breakoutNMDC is about to breakout a long term resistance and a uptrendline.
And a rounding bottom (saucer pattern) also.
Only the volume needs to pick up.
Trade:
Buy: Above 125, SL: 121, T: 128/131
Sell: Below 121, SL: 124, T: 117/114
NMDC looks bullishLooks like nmdc is bullish with first Target of 177 above that 206-208 sl 110
May be wave 3 is started...
This is my view please make your own analysis and trade safe....
#NMDCStock is near to complete double bottom pattern in weekly time frame, and given a strong rally from its strong support of 70 levels.. trading near BO zone for new high very soon.
NMDC SHARE ANALYSISNMDC is forming double bottom pattern in 15 min time frame .and in 5 min time frame it is consolidating near the current resistance level
buy above 119
for option trading = one can have stop loss of 0.04 rupees and a target of 1:1
Potential Cup and Handle pattern As you see in the above chart we can see a cup and handle pattern formed with breakout given here. If we go in the weekly time frame we can see it more clearly. On the daily basis it has completed its retracement properly and on its way to go ahead. It has recently broken its previous high on the daily basis.
NMDC | Consolidation at Resistance / Top | What if fall ?• Facing resistance, can consolidate here at Resistance
• Entry:- 112.95 break
• Downside Supports can become our targets.
Targets :- 110.35 , 109.45 , 108.20
• Stop Loss / SL :- 114.95 Resistance zone
• This trade you can continue also for the target of 98.60 , 92.50 after breaking 108.20
• On bigger time frame Seems like Taking resistance and can show Reversal to some extend.
