NMDC trade ideas
NMDC Positional StockHi there, hope you are doing great!
Expecting something like this pattern. Will see more buying momentum would come above 109 level target would be 113, 119, 129 with SL of 103.
Note: I am not a SEBI advisor, please consult your financial advisor before investing.
Thanks
Vicky
93 is dwonside target for nmdcStock has some more downside..........next strong support is at 93 level...
Possible buying signal at NMDCSo I was reading about candlestick patterns and came across Morning Star! as I was searching for one in my favorite stocks I found one forming in NMDC technical charts. Now I'm hoping this would be the bottom of the pattern and might become a morning star if the bulls take the charge on monday.
*This is not any kind of investing suggestion, I recommend you to do your own research and then make your own investment decisions.
NMDC - buy Buy from cmp to 118
easy tg - 121
tg2 - 124
positional tg - 132
Disclaimer : This is my personal analysis for study purpose not intended for trading
NMDC is a positional LONG BUY!Stock is at the confluence of multiple supports viz., pitchfork median, trend line, 61.8% fib. retracement and 61.8% fib.extension............one can buy the stock for handsome gains in coming days
NMDC Crucial Zoneas you can see in image NMDC is near its support zone .
133-137 is very major support .
one can enter into 133-137 .
with strict SL of 127 .
do like my idea if you agree with it and also follow me .
dont panic , correction is healthy for long survival of market .
NMDC Breakout Analysis !!📈 NMDC Ltd. 📉
This Stock broke out from a Resistance zone of 155-160 after testing three times. It was in consolidation since seven months and today that ended on long side So I am biased on long side as todays candle closed is strong green.
On Buy Side I am looking for Targets of 168, 182, 193, 203.
StopLoss should be kept at 146.
It offers 1:3 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NMDC: Perfect Inverted H&S on Daily TimeframeFundamental Understanding: Higher commodity prices command a greater profitability to the miners. NSE:GMDCLTD rose by 150% in the last 4 months 75 trading sessions for the same reason. NSE:NMDC has a ROCE of 29.6 % and ROE 21.8 % and is almost debt-free (Debt to Reserves is quite low).
The chart forms a perfect head and shoulders pattern on daily timeframe. The price has broken out the neck and is now retesting with reasonable (low to say) volumes. FIIs have increased their stake by 30% QoQ and the navratna PSU looks clean to benefit from the rising commodity prices. Expecting a good upmove due to rise in commodity prices over the Jan-March 2022 quarter. Look out!
For FnO trades, one can take a risky trade with 147 daily closing SL and for the target of 189. For Cash trades, keep adding till ATH for new aggressive moves beyond that.
Long ScenarioA breakout pattern spotted in NMDC above top trendline which is then leading to recent high breakout. Volumes are good and indicating buyers control.
Once crossing the supply zone it can move higher rapidly
Chart is self explanatory
Disclaimer..... I'm not a SEBI registered advisor. Not a buying tips. Buy at your own risk. Me or my company may or may not hold the stock
NMDC - A technical-fundamental viewNSE:NMDC
PSU THEME STOCK
NMDC Limited is engaged in the mining of iron ore. The Company's business segments include Iron Ore and Other minerals & services.
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 6026.68 Crore, down -12.43% from last quarter Total Income of Rs 6882.44 Crore and up 35.10% from last year same quarter Total Income of Rs 4460.97 Crore. Company has reported net profit after tax of Rs 2048.40 Crore in latest quarter.
TTM EPS: 35.48
TTM PE: 4.43
Sector PE: 13.40
Book Value Per Share: 102.02
P/B: 1.55
Mkt Cap (Rs. Cr.): 46,054
Dividend Yield: 4.94
Promoter/FII Holdings: Promoters held 60.79 per cent stake in the company as of 31-Dec-2021, while FIIs owned 5.32 per cent, DIIs 21.85 per cent.
Some Positives:
Rising Net Cash Flow and Cash from Operating activity
Strong Annual EPS Growth
High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio
Company with Low Debt
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
High dividends, with rising dividend yields over last five years
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Decline in Net Profit (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining profits every quarter for the past 2 quarters
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
My Personal Opinion: Stock is positive above 166 only. 196 is very important level above which there is no stopping NMDC. But I believe the stock would continue to consolidate for now so I would hold and add more on dips until 130.
NOT A RECOMMENDATION. ONLY FOR EDUCATION PURPOSE. Thanks.
bullish view about NMDC the stock is makin a beautiful pattern and in weekly time frame volumes are supporting this too the only hurdle is next good resistance 186 if in medium term stock goes above 186 and sustain above it then it will rock
NMDC - good for longterm and short termNMDC is in buy trend. Short term target is 200.
Long term target is 255 and 300.
Fundamentals are also maintaining good.
#NMDC: Ready to be a rocket!#NMDC
1. Strong weekly closing.
2. Box Break Out done. Rounding Bottom Break Out awaited.
3. Targets can be as high as upto 225+ however, short term target is 195 once stock starts trading above 176.
4. Weekly closing above 195 will increase the momentum.
5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.
nmdc nmdc on verge of bo above 160 can enter with minor sl at 150 for target of 185++
education purpose only / not a buy sell recommendation.
NDMC: POSITIVE OUTLOOKBSE:MARICO shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 183.35
Target 2: 190.10
Stop Loss: 159.55
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
“Rounding Bottom” formationOn the weekly chart, the stock has confirmed “rounding bottom” formation on a closing basis indicating strong come back of bulls
The stock has recaptured its 20 , 50 and 100 day SMA and rebounded very sharply
Rising volumes on a rally implies increased participation at lower levels
The daily and weekly “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 182 levels. *Holding period is 3 to 4 weeks
NMDC the steel supermanchart is self-explaining the upcoming movie
171-175 faces resistance volume buildup from 134 last dip to 164
the run may continue
only for marathon lovers buy in small chunks regularly healthy dividend is our backup
NMDC BREAOUT AND RETESTNMDC gave breakout of the trend line now the pull back is ending volumes are picking up for an upmove
NMDC-> Inverted Hammer at Strong Resistance Zone.
-> Fibonacci indicating 38.2 level rejection.
-> RSI Indicating Bearish Divergence.
-> Trade Idea
Entry - Below low of candle
SL - High of Candle
Target - 1:1
Breakout in NMDCBreakout in NMDC both in Daily and Weekly timeframes. You can enter at the CMP for an initial target of around 180.
DISCLAIMER: The ideas are only for educational purpose. I am not SEBI registered.
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