NMDC
NM DC above 200 DMA and also testing at swing high breakout out NM DC above 200 DMA and also testing at swing high breakout out level wait for the breakout and ride it (as two bullish candle at the top found in 4hr time frame)
NMDC BreakoutNMDC touched resistance and ready to breakout but nifty direction may cause it retrace 89 or 90 or may not retrace and continues rally.
NMDC strong supportNMDC is at strong support and can ride slowly to the top... one can sell 82.5 PE at 1.65 if you see it is dropping below 83 then buy 85 PE to limit losses which is altogether a different cup of tea (Option Writers world) simply buy and hold with 80 stoploss
R-0148 NMDC LONGIntraday Cash Buy NMDC @ 88.50 - 88.80 SL 87.75 TGT 91
Above VWAP + TK cross over + MACD cross over + cloud break out GO LONG
NMDC , Daily Analysis Evening Star Pattern On Top , With A HIGH Volume Shows Buyers Are Not Willing to Buy At Higher Levels , Nest Candle Down , With A Low Volume Indicating Buyer Strength Are Getting Excused .
On 75 Min We GET RSI Divergence But In Daily Divergence Are Yet To Show ,
1st Case :- Price Can Came Down Hold Near About 85 Zone Then Can Touch lower Trend-line Or If It Get Demand From 83-86 Levels It Can Make One More High And Enter In Supply Zone . there we can check For Daily Divergence And Shorting Opportunity .
As Down Volumes Are Really Low So I While Coming Down From Upper Levels , Now We Have to Check Levels Of 83-86 And Observe Price Action There .
Happy Trading .
Trends Suggests NMDC Could Fall 50% + Longer-TermThe weight of the evidence remains mixed and suggests that there will be winners on the long side, winners on the short side, and a lot of stocks in the middle that aren’t going anywhere. Here’s NMDC Ltd. breaking back below former support/resistance near 78 and starting to move lower again. With momentum in a bearish range and absolute and relative price action in a downtrend, we want to be short with a long-term target down near 35. This, combined with absolute and relative weakness from the Nifty Commodities and Nifty Metal Indexes continue to suggest further downside for the sectors and related stocks.
NMDC buy in dipsNMDC CMP 126.10
Add in dips if get 113 - 118 levels
TGT 138 / 148 / OPEN
SL 102 - 104
NMDC SHORT | DOUBLE TOP PATTERN | 18-22/09/2019 |DATE 18-22/09/2019
NMDC SHORT@184
STOPLOSS@187
TARGET@179
NMDC Sell opportunity- After a pull backNMDC could retest its weekly lows before any upward moves. The recent move has been fast and long so there's a high probability that this will see a pull back/ correction. If we get that pullback, the risk reward could be favorable for a shorting opportunity. There is also a possibility that the price will shoot down to retest the weekly lows without a correction in which case we can look for buying opportunities. Currently, I think NMDC is a sell- only after a pull back.
NMDC looks to be moving down as a Zig Zag correctionIt looks like NMDC has just completed a 5 legged up move with the Wave 5 being an Ending Diagonal.
Currently it looks like the market is moving down in a Zig Zag corrective structure and can see atleast one more leg down.
It should be noted that I do not track this instrument and this is my first look at it.
NMDC ...breakout after consolidationNSE:NMDC .NMDC India's largest Iron ore producer is going to benefit from firming of Global prices. With the revision of Chinese GDP growth rate by Moody's, I expect commodity prices to hold its reins over next few months.
NMDC has formed firm base around 90-100 levels and It has consolidated over six months. It is on the verge of breakout from cloud and Momentum is visible both on weekly and daily charts. One can expect 130 levels over next few month. Keep your stop loss around 90 and trade cautiously.
Long NMDCNMDC seems to be a good long at least till the upper trendline. Following that it may make one more low, before the start of a long-term upmove.
