NMDC: Likely IHS Pattern breakout.150 Neck line break out point and sustaining above 150 as per the IHS Pattern the tgt would be 170+.
(For educational purpose only)
This is my second pick for Oct in the monthly breakout series.
1. 150 level has been tested multiple times in past since 2011
2. Decent Volume.
Entry - 150+
SL - 139 (Day closing basis)
Target - 165, 177
Post only for educational purpose
Thanks
Piyush Gupta
Learn & Earn
The stocl has followed a channel since beginning and in continous range bound setup 49-153 is the perfect range for the stock however this time the stock can breach the 153 rs mark as it has given a breakout from cup with handle pattern and also more the freqency of the touch of price to resistance can make it weak and a potential opportunity for breakout
The stock has good volumes and close to testing it's strong resistance range of 151-155.
One can enter intraday above 151 and swing above 155 on day closing basis.
Positional targets cane be 163, 173, 185 and more.
Learn & Earn,
Dr. Tanya Kumar
#NMDC - The stock is forming the inverted head and shoulders pattern and currently trading in the supply zone. The relative strength is also positive. All these conditions are favouring to go long in #NMDC.
NMDC:- Head and shoulder pattern has been formed, breakout has also been given, but don't plan anything until the price becomes sustainable.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and...
NMDC showing signs of reversal towards all time high 400.
Keep watch on NMDC for longest consolidation of 11 years. It may break this channel and start journey towards 400
NMDC share buy on dips
Positional targets 160-190-250
Holding time 6months to 2 yrs
QoQ strong earning growth hidden by other income (not regular income) in last quarter. High margin on low revenue. With increase in production and revenue margin will grow stronger.
NMDC has given a BO in the Weekly charts with a reversal pattern which might be a reversal in the long term trend of the stock.
All the metals are looking bullish but NMDC has a very favorable RR for going long.
All the technical indicators are pointing towards a huge up move in the coming days!
Keep it in radar and its a buy on dips! Stock may come to re-test...
