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NMDC LTD.

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NMDC trade ideas

Nmdc a short for global iron ore pricesNmdc stock has been correcting sharply since the iron ore prices more than halved in NYMEX. Currently iron ore prices are trading near a psychological range of 100$ and NMDC is consolidating between 140 & 160 levels. The correction from 200 levels and stock comfortable trading below 90 day Exponential moving average confirms our view . At current stage one should look to short NMDC for a tgt price of 120 and be keeping a stop loss at 155 .
NSE:NMDCShort
by Shantanuupe
NMDC - trade setupTechnical analysis - Stock has been in a downtrend from very long time, we can clearly see series of lower highs & lower lows. Stock broke the neckline of previous high and did a retracement. Double bottom formation with clear RSI divergence is visible on daily chart. I personally prefer to upload weekly/monthly charts here in tradingview to give a broader understanding of chart pattern, but i have checked daily chart as well. Trade set up - Go long at CMP and add more on dips. All is good until stock closes below 128 level. I am keeping few extra rs as margin of safety. Targets are big. First potential target is 158 followed by 192. If 192 breaks then a big rounding bottom formation will happen and you can trail your sl to achieve big targets. 
Good luck.
NSE:NMDCLong
by sachinnagpal1982
NMDC LTDThis stock is looking good at current levels and more above 156, it has started wave 5, once wave 5 unfolds we can see 200+ levels. One can go long with mentioned key levels in chart. Once it closes above 156 then boom Breakout with good intensity of volume Key levels are mentioned in chart Wave Structure could be like this Macd in weekly is turned uptick Macd in daily positive crossover and Uptick Rsi in daily uptick and near 60 Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:NMDCLong
by RK_Chaarts
2
NMDC Short Term Breakout TradeThe stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby. The stock has previously broken out with good volumes and retested the upper trendline, the point of entry. Risk Reward Ratio - 1.5:1 SL is placed below multiple major support zones and previously upper & lower Trendlines. Target is placed near the all-time high based on fundamentals. Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.
NSE:NMDCLong
by tradewidmufeeth
NMDC Sliding DownSETUP NMDC has been trending up for most of 2021 up from 110 to 213 Over the last 3 months NMDC has lost the momentum and has broken below the trend line support. Currently NMDC is trading at 152 just above its flat 200EMA acting as support. We are seeing a bearish step up as NMDC continues to form lower pivot lows (165 to 186 to 145 to 158) TARGET Keep an eye on 145 - 148 levels to short NMDC for a target of 110. 110 represents the next support area as well as 1.618 extension of the first swing low from the top. STOP LEVEL 162 is a good stop loss level for the trade. All the levels mentioned are spot/cash.
NSE:NMDCShort
by LuckshyaGarg