NMDC LTD.Short
NMDC : RISK/REWARD 5:1
Updated
NMDC trading at 129 which is a Fibonacci retracement 0.618% of previous major swing from 162.70 to 74.80.
It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement.
Short at 128.95
Stop 131.65
Target 115
RISK/REWARD 5:1
Fibbonacci retracement 0.618%
Upper trendline as resistance
It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement.
Short at 128.95
Stop 131.65
Target 115
RISK/REWARD 5:1
Fibbonacci retracement 0.618%
Upper trendline as resistance
Trade active
Note
Expect the #NMDC Donimalai mine case to get resolved in the next 3 months. - Karnataka Mines SecyYes Sir, take your time. Not in a hurry!
Note
NMDC made a low 118.10Trade closed: stop reached
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