NMDC DAILY CHARTNMDC DAILY CHART
Breakout @ 110.50 Target @ 126.80
NMDC has witnessed a double bottom formation breakout on daily charts.
Its only an observation & not any suggestion.
NMDC trade ideas
NMDCLooking good forming an an inv H&S kind of pattern on monthly time frame.
RSI is over 65 and MACD crossover also being done
Volumes are being seen from the last couple of months
Please check the levels marked in green for targets and trailing SL
#NMDCNear Trendline Breakout
Target Life Time High
Price action and RSI is bullish with Volume Support
Plan Your Trade with Small SL
NMDC BULLISH HNSNMDC making HNS pattern , need to break 130 for confirmation of breakout , and iron ore prices are also increasing thats why it is moving , whenever it will break 130 then next targets will be 140-150-160.
Thank you
NMDC IS LOOKING FOR A BULLISH MOVEEarlier Head and shoulder pattern was formed on NMDC breakout of the pattern has already happened and now it is retesting so a good bullish move is expected.
Target - 118.70
NMDC LONGChart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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3rd wave started in NMDCsoon we can see minimum level of around 125 or if wave 3 is confirmed price can go to 135 levels also
NMDCThe scrip has recently given a breakout after few weeks of consolidation. It is forming a bullish price action and can be added for long. It has a immediate support marked with green color where further positions can be added. All the levels are marked on the charts. Any further updates would be posted here.
NMDC confirm bullish Flag and inverted Head and shouldersShock is on the golden levels to buy for 2years
Buy NMDC at 113 and the target is 250 double the with stoploss and fundamental is strong
NMDC Long Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
Potential Trade Opportunity in NMDCNMDC presents a potential trade opportunity and the rationale is as follows.
1) Price broke out of the descending trendline with good volumes.
2) Price consolidated for 12 trading sessions near the previous resistance and has given a breakout with good volumes.
We can target for a 4%, 8% and 12% with an initial small risk of 4% (trailing stoploss to be followed later)
THIS IS NOT A CALL, CHART IS SHARED AS A KNOWLEDGE MATERIAL TO BE USED ONLY FOR EDUCATIONAL PURPOSES
buy nmdc @ cmp or wait for retrecement channel breakout buy nmdc @ cmp or wait for retrecement
channel breakout
risk reward 1.1
sl@105.90
A good opportunity for positional traders Hi Everyone
Welcome to Trading Idea, this is an medium them forecast of NMDC which is an good opportunity because this chat will convert into in longterm bullish cycle unless we hit invalidation level.
Thank You.
NMDC 💣💣Formation of inverse head and shoulder can be there + good accumulation zone of 105-115 is there you can keep SL of 100 easy trgts of 130-135 .. purely technical positional pick
NMDC Break W Pattern at 4 Hours and Inverted Head and ShoulderNMDC Break W Pattern at 4 Hours and Inverted Head and Shoulder.
W Breakout with Volume
RSI above 60 on 1 day time frame
Heading towards Inverted Head and Shoulder.
NMDC - LOOKING FOR A NEW LIFENMDC is India State owned mines companies which has done well over a long term period. Looking at long term chart this stock seems to be in consolidation mode for a very long period over 12 years. The stock is getting a new life as it has fundamentally repaid the loans and is in net cash. I would still wait for the stock to cross 140 level and stabilize before we can call it a breakout. Would wait and watch how the stock price reacts and also keep an eye on the iron ore prices.
NMDC nudging ahead...NMDC (National Mineral Development Corporation) Ltd. is a government undertaking and also India’s largest producer of iron ore. It produces more than 35 million tons of iron ore from three merchandised mines in Chhattisgarh and Karnataka.
NMDC CMP is 107.50. Negative aspects of the company is declining annual net profits. Positive aspects of the company are improving cash from operations annual, no debt, FIIs are increasing stake, MFs are increasing stake and zero promoter pledge. Dividend yield of NMDC at CMP is 3.5%.
Entry can be taken after closing above 110. Targets in the stock will be 114.40 and 118.15. Long term target in the stock will be 122.25 and 126.70. Stop loss in the stock should be maintained at closing below 99.
NMDCNMDC CMP 107
Looking at the structure,
We can see a IHS developing...
With double bottom around 104.5
IF NMDC holds 104.5
It can move to 130/155/180+ in coming months...
Just a view!!
Vedang :)
Chart is for study purpose only!!!
NMDC Stock Analysis | DowntrendNMDC Stock is trading in downtrend making lower highs and lower lows.
The price reached 104 support area and bounced but got rejected by Daily 200MA near 110.
As of now , I expect price to trade in between a range of 104-110.
If daily closes above 110, we can look to buy.
If daily closes below 104, exit your position.
We can also trade the short term range of 104-110 buy buying at 104 and selling at 110.
NMDCMake bullish Flag pattern , take support of 50 EMA that is bullish Sign , Histogram and MACD saw fair value for bullish way so first Target will be 119.85 and Stop loss will be 103.70
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
NMDC Low Risk High Reward IdeaAs per my analysis, best level to take buy entry on NSE:NMDC is 107 with stop loss of 103 (-04 Points Risk). We can get upside target of 109.60 & 118 (+11 Points). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
