NMDCCMP 154.05
Ascending Triangle
Low RSI
Positional Trade can be taken
Target 1 - 161.9
Target 2 - 170++
This chart is for education purpose only
NMDC trade ideas
NMDC BUY TGT 200/250NMDC 148 TARGET IS 180/200/250 UPCOMING DAYS THIS STOCK IS WITHIN A MONTH GREAT MOVE EXPECTING 2 - 3 MONTH
nmdc good stock in long time investment
NMDC looking strongThe scrip is looking strong at current price levels. RSI is supportive + scrip has taken support at 200 EMA.
Can be bought for upside tgt of 165.
This is my own analysis and can be used for knowledge purpose.
FOR LEARNING PURPOSE ONLYFor Learning Purpose Only.
Scrip Has Given A Breakout.
Expecting Good Movement.
NMDC Short TernNSE:NMDC
Stock looks bouncing back and if stock trend continues.
then entry above 156 is good
Nmdc Triangle Breakout huge momentum expectedNmdc Triangle Breakout huge momentum expected buy future or buy 160 ce
NMDC levels...14.09.2021 ( D candle)NMDC forming ABCD pattern...once its break it will reach 190-200 in midterm, Keep SL 145 at D candle closing basis... BUY ABOVE 160 Only
NMDC STOCK ANALYSIS WITH TECHNICAL TARGET
1. Today we'll discuss another company which is NMDC LTD
2. Today Date is 05-09-2021.
3. Currently stock is trading at 154.60 which is shown in candle chart.
4. There are two Technical Targets. First one is154.60 to 186.70 which is shown in image above, which is approximately 20.70% gain. Second Technical Target is 210 approximately, which is also show in image, second technical target is from 186.70 to 210 is further approximately 13.82 % upmove gain. which mean if we buy at lower price then approximately total gain of both technical target will become approximately 37 %.
5. How much time it takes to reach target, according to my analysis, it takes maximum 4-5 months.
6. Last quarterly result which is June Month (2021) is highest ever and company have net profit 3186 cr.
7. CWIP of company also increased which is mentioned in balance sheet. CWIP means Capital Work in progress which represents costs incurred to date on fixed assets, which is still under construction on the balance sheet.
08. Company is almost debt free.
09. About company:- NMDC is India single largest iron ore producer and involved in exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, graphite, beach sand etc.
IMPORTANT RULES
10. Only invest 3 % of your capital in one stock, Please don't ignore this rule because we are investing our hard-earn money here so risk management is best part of trading.
11. We never sell stock in loss.
12. We are investing in equity share.
13. Patience is the key in equity, sometime great company went down that is the opportunity to buy these companies because we know they will come back very quickly.
Disclaimer:- I'll post here stocks analysis for educational purpose where We can learn. This blog, not a recommendation of stocks buy or sell.
NMDC looking weak till 160price correction in wave 4 still on. It can touch 160 levels as per wave 4 fibo
NMDC Big Breakout is waiting After taking some retracement, Now NMDC will get ready for it's next bullish breakout .
NMDC Extremely Bullish Side With Complete positive trendNMDC Extremely Bullish Side With Complete positive trend and news support.
NMDC: Short term & Mid term view- BullishTarget given by using patterns. Indicators are showing bullish signals on weekly chart and Daily MACD crossover may happen on upcoming days. Be ready for the next move on upside. Stoploss as per your risk. Apart from technical Iron and coal prices are multiyear high so can expect a good quarter on fundamental side.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
A clear Idea to Long trade today. Only trade stockkA clear Idea to Long trade today. Only trade stockk
3 reasons to buy NMDC1) Triangle pattern breakout and retest.
2) Uptrend support
3) Good volumes
Can be bought for a target of 194. CMP-178. SL will be 170 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.
NMDC: A LIKELY TRENDLINE BREAKOUT TRADETrading rationale: NMDC is in a consolidation phase since hitting fresh highs in the month of may, Disinvestment of steel plant in current year, Steel will be in demand for next 3-5 years. Q1 will be superb.So NMDC will do much better. Highly undervalued stock.
"NMDC UPDATE"I post past chart breakout wih flag pattern and it retest well some consolidation going on in dtf and 4hr tf travels in channel once close above the channel pattern will see 200 levels in upcomming trading session fundamental strong stock earning release also on aug 11 keep on radar
nmdctrendline breakout then retest with 61level support of fibnocci
this is perfect recipe for the big upmove
