NMDC trade ideas
NMDC BULLISHNMDC LTD is looking strong upside.
Entry for swing trade
You can go for it after doing your own analysis.
entry price target and stop loss has been updated in the chart.
ONLY FOR EDUCATIONAL PURPOSE..!
Stock is Ready for BreakoutNMDC is near trend line breakout
A trend line formation on down side price correction in stock and now price trying to breakout this trend line
after breakout a good up side movement can be seen in stock
if stock retested that trend line after breakout then that will be a good entry point for fresh trade
NMDC has announced bonus share and stock has given breakoutHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given breakout of falling trendline on the news of bonus share announcement. Stock is technically and fundamentally good company. I am expecting 30-35% rally in this. Stock is ready to fly in blue sky. 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.
A Navratna company
National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies.
Forward Integration
NMDC is one of the world’s low-cost Iron ore producers and they have ventured into the steel-making business to benefit from their ability to procure Iron ore at a cheaper price. The company has procured 2000 Acres of land in Chattisgarh to set up a steel plant with a manufacturing capacity of 3 MTPA and the facility will be the largest Blast furnace in India with a capacity of 4506 Cum.
Market Cap
₹ 68,796 Cr.
Current Price
₹ 235
High / Low
₹ 286 / 160
Stock P/E
11.2
Book Value
₹ 87.5
Dividend Yield
3.11 %
ROCE
30.9 %
ROE
23.9 %
Face Value
₹ 1.00
Industry PE
20.7
Debt
₹ 3,359 Cr.
EPS
₹ 20.1
Promoter holding
60.8 %
Intrinsic Value
₹ 470
Pledged percentage
0.00 %
EVEBITDA
6.58
Change in Prom Hold
0.00 %
Profit Var 5Yrs
4.67 %
Sales growth 5Years
11.9 %
Return over 5years
22.2 %
Debt to equity
0.13
Net profit
₹ 5,887 Cr.
ROE 5Yr
24.0 %
Profit growth
23.1 %
Earnings yield
15.2 %
PEG Ratio
2.39
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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NMDC by KRS Charts 24th September 2024 / 10:30 AM
Why NMDC ❓
1. Today Gap-up and Strong Green candle with Good Volume and with Higher Low.
2. In 1M, it's a retest for Accumulation on resistance it broke before.
3. Conclusion in series for Easy Understanding,
⚡ First Accumulations > Breakout > Retest > HL > Today's Breakout ⚡
Targets are in the Charts many more Upside but after current Targets achieved 👍
SL is 190 Rs.
NMDC looking strong for a uo moveMulti month cup sort of formation observed in NMDC.Recently observed RS Nifty 55 turning Positive and RSI showing strength.
Entry : 245
SL : 5-6 PERCENTAGE
TGT: CUP HEIGHT
NMDC 1DSWING TRADE
- EARN WITH ME DAILY 10K-20K –
NMDC Looking good for Downside..
When it break level 236.55 and sustain.. it will go Downside...
SELL @ 236.55
Target
1st 234.11
2nd 230.02
FNO
NMDC OCT FUT – LOT 4 (Qty-18000)
NMDC OCT 255 PE – LOT 4 (Qty-18000) – PRICE (19.75)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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Go long in NMDCHere we can see a fresh breakout in NMDC on weekly basis trendline. Chart is looking bullish and breakout of this can give us target of 268,285,290 soon. So plan your trade accordingly. 🚀
NMDC - The Fifth Can be Juicer then ThirdNMDC is very similar in chart structure with PNB only difference is NMDC has broken out of falling channel of wave 4 & has given confirmation of wave 5 which can head towards 360-390 levels.
NMDC is a good chart to study patterns (Not shown in this chart) but if you look carefully can spot 2 inverted H&S from where pattern has also played very well classical text book pattern & playing as per book is something which makes you conviction in charts very strong.
NMDC Tgt 291Buy NMDC for 3 months target of 290, antique broking also has covered the stock in report on 26 Sep 2024
NMDC analysis for long termNMDC currently oversold, may be pullback from this levels, good support levels for long term entry.or you can wait trendline to break.
NMDC CHART IS LOOKING BULLISHNMDC chart is turned bullish after trend line breakout. These all my views are personal, not a buy sell .
NMDC trendline breakout with good volumeNMDC made a trendline breakout with volumes, we can buy at current levels, with SL @ 206 on daily closing basis.. TGT : 250, 273
Please Note : This is just an analysis, not a Buy or Sell recommendation
NMDC Ltd. ( 37% upside potential )
Sector: Iron & Steel
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in DAILY demand zone with RSI bullish divergence and bollinger band lower band support.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
counter trendline on daily chart may react as a resistance once it broke it will b rocket...
price may face at resistance ( HTF supply zones are self explanatory )
so plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
NMDC 1) Fake breakdown in hourly with bullish divergence
2)Trend line breakout with GAP
3)price in momentum according to Elliot wave
NMDC - Short opportunityWith Iron Ore prices correcting..
Short below 211 with a stoploss above 221.
There could be a breakdown..
Iron ore prices have fallen from $98 -> $93.
NMDC Buy now at 228
Target 235, 246, 258.
220 strong support
Downtrend going to breakout, breakout level 235.
Confirm with candle confirmation.
NMDC Breakout Soon NSE:NMDC
1. Wait for a breakout from the descending channel.
2. Alternatively, wait for the stock to take support in the marked green zone and watch for a reversal.
3. If the support level is broken, a further downtrend is likely (the stock is already in a downtrend).
NMDC Ltd. @ 210.94Sector: Iron & Steel
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
Promoters holding remains unchanged at 60.79% in Jun 2024 qtr
52 Week High 286.35
52 Week Low 103.80
All Time High 571.20
All Time Low 61.55
Book Value Per Share 119.43
Dividend Yield: 2.73
Sector PE 19.96
Face Value 1
Beta 1.55
Mkt Cap (Rs. Cr.) 61,818
Supports: 160/103/47
Upside can be: 303-338, 440, 570+
NOTE: Not a BUY or SELL SIGNAL.
All updates are only for the educational and knowledge purpose.
At strong supportNMDC CMP 222
that 220 zone is a strong strong support. We have a trendline support too on the weekly charts at the same zone. RSI is above the bull zone at this support. Composite on ur right is not ready to make new lows with price. Yet another positive indicator. Buy this counter post results. Its at a very good zone.
