NMDC STEEL - DESCENDING TRIANGLECMP - 53.85
Target - 73
⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️
NSLNISP trade ideas
Metals will be shining in future Nice price action is been followed in NMDC steel . It's taking support from support zone very neatly
NSLNISSPVolume contraction is forming. If it breaks the above resistance, we can see good momentum in this stock.
NSLNISP surges ahead with the 5th wave, targeting a remarkable 2The impending major 5th wave in NSLNISP appears to be consolidating within a triangular pattern, presenting a potential breakout opportunity. Consider entry upon confirmation of the breakout from the triangle, using the fourth wave low as a strategic stop-loss level.
NSLNISP NMDC Steel Weekly Timeframe analysis for long term
NSE:NSLNISP has created strong bullish structure LL-LH-HL.
We can enter in stock between 47 to 51 level with SL of 46.
Major targets levels are highlighted in blue lines.
NMDC STEEL LTD Stock in uptrend
Resistance breakout
Price above 20 & 50 EMA
MACD indicate bullish crossover
Disclaimer this is my personal view education purpose only.
