On verge of breakoutSit with the eagle eye to catch this move going to be 52-week high in the coming days.
Happy trading
MIDHANI trade ideas
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
MISHRA DHATU NIGAM WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Taken support at 200 EMA and bounced upMishra Dhatu Nigam is the biggest producer of super steels and titanium alloys...these are speciality products used in defence, space, and power industries...it has bounced up from 200 EMA ( in red colour) and looks good to reach 230, 279...targets market by horizontal lines. This is an idea, not advice to trade.
NM Index near all time High and Share will react accordinglyStatistical Brief
Market Cap₹ 3,587 Cr.
Current Price₹ 191 High / Low₹ 237 / 171
Debt to equity0.15 EPS₹ 7.04 ROCE20.4 %
ROE17.6 % ROE 3Yr% ROE 5Yr%
Return over 1year11.0 % Return over 3years28.6 % Return over 5years%
Profit growth21.1 % Profit Var 3Yrs% Profit Var 5Yrs%
Promoter holding74.0 % Pledged percentage0.00 % Return on assets10.0 %
Stock P/E27.2 Industry PE15.8 CMP / FCF
Current Resistance @ 354 Trend Negative
Target - First NA Target - Second NA
Support 175 Pattern Descending Triangle
Nifty Metal near all-time High
