NMDC is forming a Symmetrical Triangle, look for opportunities as specified on chart.
if you have any queries regarding above idea or any other stock feel free to D'M
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Bullish Butterfly - Big Green
Bullish Cypher - Magenta
Bullish Gartley - Small Green
----------I may not be good in drawing, but since I am using excel so can say the patterns are fitting the criteria
Finally breakout happened
Also Trend line breakout happened
Minor resistance at 104
NMDC is PSU made for Dividend hunters as stock gives almost 10%p.a, Being at monthly bottom accumulation is clearly visible + a strong breakout from accumulation range too.
Entry : 99 - 98 Range
Stoploss : Given on Chart
Basic Target: 115 <> 120 (above this trail)
Optional ways : Futures with protective put are easy way for Mar Expiry.
if you have any...
Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
The stock looks good from this range. The stock can be purchased above the horizontal line for very good returns. The stock looks even good in Weekly Chart and can be bought for long term.
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NMDC
![NMDC: [Intraday] NMDC Weekend lvl 10 + Doji Short Trade](https://s3.tradingview.com/q/QpNQptxr_mid.png "[Intraday] NMDC Weekend lvl 10 + Doji Short Trade")
