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NMDC LTD.

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NMDC trade ideas

NMDC EW Wave Counts, Wave 4 Play with Crab Pattern confirmedStudying the EW wave with Harmonic and finding out high probable zones from from which swing high and swing low forms up has been a passion for me. I think EW wave analysis with Harmonic M and W structure provides low risk and high probability setups. One of the advantage of this analysis is to have minimum risk as these are all leading indications of the price structure. Coming back to NMDC See how nicely EW Wave patterns are formed in Weekly Look at Wave 2 retracements as 0.618 of Wave 1. Look at Wave 3 Target as precisely 2.618 of Wave 1. And in EW wave analysis, we don't not want to find a top or bottom, we want to find highly probable zones for target. So if you have bought when Wave 1 top is broken and Wave 3 is confirmed, you can then watch the reaction around 1.618 Fib extension, 2.618, 3.618 and 4.236 and so on as possible wave 3 targets. And along with that you simple determine major level which if broken, confirmed that Wave 3 is formed. But look how nicely, Wave 3 went up to 2.618 times of Wave 1. Also see how harmonic W structure forming Crab patterns in weekly time frame started giving high probability reversal zones. Again, in order to identify such setups, you need to do a lot of practice and train your eyes to see the possible pattern combinations. Pl read EW analysis Boon a classic ref on EW Analysis (1) Visual Guide to EW wave analysis by Bloomberg press by Wayne Jeffrey (2) Classic Ref on EW Wave is Elliott wave Principle : Key to Market Behavior by Frost and Prechter And on Harmonics, Pl log in to harmonic trade website harmonictrader.com register yourself as free membership, download all the three volumes by Scott and read them, Especially Volume 3 where he talks about combining RSI structure with Patterns and see the reaction and reversals. Also when, people says about boring theories, I disagree, they are not boring, Author of the book studied the market in depth and derived those patterns and price behaviors based on the extensive study and research on the topic.
NSE:NMDCShort
by Kru-KB
NMDC LONG INTRADAY 10 MAY,2021 Dear trader, If u look at the chart of NMDC (analysis based intraday only) the NMDC Buy at 185 and Target at 193 Best Buy at 183. Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade. Best Buy level might be executed or might not be executed. The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis. In Intraday most important thing is to enter and exit points. Our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:NMDCLong
by Tallastrading
Swing Trading using SMAIndicator - Simple Moving Average with length 34 days and source close price Once plotted, we have to identify an alert candle Characteristic of an alert candle are 1) It touches the SMA 2) Close Price is greater than SMA Value 3) Low Price is lower than SMA Value 4) Close Price is greater than SMA Value (green candle) Also note that the stock is in uptrend - Minimum 10 previous candles formed above SMA line Entry - Buy at High of Alert Candle Exit Stop Loss - Lowest of the Low ( Lowest price in past 3 days) R = Entry - Stop Loss Target 1 ( 50% ) - 1:1 i.e., Buy Price + R Target 2 ( 50%) - 1:3 i.e, Buy Price + 3R Once Target 1 is achieved move SL to Buy Price
NSE:NMDCLong
by amitsubodh