NMDC trade ideas
NMDC LOOKS BEARISHNMDC looks bearish. On 4 hour charts it form INVERTED HAMMER candlestick pattern at daily SUPPLY ZONE. And also there is bearish divergence on RSI.
So in coming sessions it may fell to 113 & 110 levels.
Buy above the supply zoneHighlighted area is acting as a resistance, Buy once the stock closes above the zone with a good volume.
NMDC NMDC - Still a sell @ 112 - SL 114 , for a target of 105 - Positional
* Request Own Analysis Before taking position
NMDC Sort& mid term viewNMDC may move and hit the targets. Indicators are showing bullish signals. It has the strength to hit the final target. Monthly MACD crossover also happen upcoming months. Immediate stoploss below 97 on closing basis. Note: Long term stoploss given in the chart.
NMDC Ltd. wait for 125 to add new positionsConsidering stock crossing 200DMA is very strong signal to buy, NMDC seems doing so whith positive close on last 2 days.
However seeing at RSI near 70 can push stock to lower levels which I think will be good entry.
Once can look to add 50% of capacity now and wait to see if it comes to 125 level to purchase remaining.
Next immediate target would be 138 and further push can take it to 148.
Keep current stop loss as 123 and after momentum keep it as 200DMA on closing basis.
Buy NMDC in Intraday for target of 86.15Enter around 85.20. If you do like my views, please hit the like icon & do follow my user ID. Thank You.
NMDC : Short on bounceIt is a very weak chart
trading within 10 pct of all time lows
The china trade war is having impact on international commodity prices and hence this is getting impacted.
The fall from 105 to 75 recently was very sharp and stock needs to make a base
to build any longs from here.
It is a sell on rise or at best avoid for long players
NMDC SHORT ( POSITIONAL )NMDC SHORT ENTRY 101.85 , STOP-LOSS 106.10 , TARGET PRICE 92.80
NOTE : CONSULT YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
Near LIFE TIME LOW Price action can not be simpler than this guys. It can move sometime in t his box and can break out/down. Most likely break down and if it goes below 75 there is no coming back soon. Near lifetime low.
