NMDC trade ideas
BTST Call- NMDC, Buy 90.50, SL - 89, Target- 93.50BTST Call- NMDC, Buy 90.50, SL - 89, Target- 93.50
NMDC : 01 SEP 20 : REVERSE CUP AND HANDLE PATTERN.SEE ALL MY PUBLICATIONS, IF IT GIVES BOTH KNOWLEDGE AND PROFIT THEN ONLY LIKE REFER TO YOUR FRIENDS.
NMDC Long Term Support BreakThe long term support of 80.75 was broken on Monthly chart.
Weak Relative Strength when compared to Nifty50 Index
NMDCClosed Above the resistance zone of 90
Target 1 - 98
Target 2 - 116
SL- Below the trend line.
Disclaimer
These are my idea, please do your own technical analysis and enter at you own risks.
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
THE LAST CHART WHAT WAS SHARED IN JUNE, ACHIEVED ALL OUR TARGETS AND THEN BROKE TRENDLINE TO GIVE GOOD UPMOVE
NOW IT IS ABOUT TO BREAK MARCH HIGHS AND IF DOES SUSTAIN ABOVE 95.50....
UPSIDE LEVELS OPEN UP FOR 97.50, 101.50 AND 106
ITS SLOW MOVER SO BE CAUTIOUS AND TRAIL SL
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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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
