NMDC trade ideas
[Diary] NMDC Stock SplitThe issue arises when you rely solely on a webhook as your exit strategy, especially in scenarios like today's with NMDC. TradingView’s webhook mechanism, while efficient for many tasks, can create havoc if used indiscriminately for entries, exits, or modifications without human oversight. Today, NMDC is generating a cascade of signals—short, long, SL hit, TGT hit, and more—because the platform hasn’t yet adjusted for the stock split properly. Algorithms dependent on such incomplete or inaccurate data can spiral into a disaster, executing trades based on flawed inputs. This is a clear reminder to always validate your data sources and integrate fallback mechanisms to avoid such pitfalls.
Moreover, this kind of situation can lead to reverse signals that algorithms tuned for mean reversion might latch onto, seeing the seemingly favorable risk-reward (Rr) ratio. However, because the source data lacks significant market influence, the resulting trades could prove inconsequential or even misleading. The broader market may ignore such anomalies, leaving your algorithm chasing shadows.
This highlights the importance of understanding market psychology and herd behavior. Traders often move in predictable patterns, and seemingly unrelated factors can trigger unexpected market reactions. For example, Berkshire Hathaway’s stock once saw price spikes correlating with the release of Anne Hathaway’s movies—not because of any fundamental connection, but due to name-based algorithmic trading. Such quirks underscore the need to approach automated trading with caution, ensuring a robust system that accounts for anomalies and prevents over-reliance on any single data source or strategy.
Plan for 12th November 2024Nifty future and banknifty future analysis and intraday plan.
Result analysis.
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NMDC--Long Oppurtunity ??A strong impulsive move is observed from the support area 200 levels,
A corrective pullback is observed to the support levels, and with consolidation price creates a demand zone at 205-210 levels and giving us pullback to enter in long side, look for long opportunities in this stock for upside continuation.
If price takes the liquidity on bottom side, add more quantity to the long side.
NMDC NSE 12Y 10M Breakout on MTFNMDC had Broken out this @12Year high in Feb 24 forming a Rounding Bottom Curve , since then it has hovered around this level of 234 since then. There has been a renewed buying at this level again sustaining above 242 a strong support on DTF.
Volumes have been growing consistently for the past week after its Ex dividend on 17th Sept.
ADD quantity when it closes above 285 WTF.
Entry above 245 DTF close, First Target 286.. SL 204
NMDCC Downtrend: The stock is currently in a downward price trend.
Support Level: The price is finding support at the 210 level, meaning it has struggled to fall below this price.
Resistance Breakout: If the price breaks above the 210 resistance level, a positive trend reversal could occur.
Retest: After breaking the resistance, the price might temporarily pull back (retest) the 210 level before continuing its upward movement.
Target Price: The potential target price for the upward move is 280.
I'm not a SEBI-registered analyst. All posts and levels shared are just for educational purposes. I'm not responsible for any losses or profits. No claims, all rights reserved
NMDCNMDC – Daily TF
Downward wedge breakout possible. If happens then favorable RR for an upside movement from 222 onwards. SL of 200 will be good for looking towards 270 levels.
RSI divergence did take place and confirmed also.
Substantial volumes are the only thing missing.
Disclaimer –
I am not a SEBI REGISTERED person or analyst.
I am not responsible for anyone’s gains or losses.
I am doing this only to increase my knowledge and to learn.
NMDCNMDC – Daily TF
Downward wedge breakout possible. If happens then favorable RR for an upside movement from 222 onwards. SL of 200 will be good for looking towards 270 levels.
RSI divergence did take place and confirmed also.
Substantial volumes are the only thing missing.
Disclaimer –
I am not a SEBI REGISTERED person or analyst.
I am not responsible for anyone’s gains or losses.
I am doing this only to increase my knowledge and to learn.
NMDC....Time to Go Long for 30% ReturnNMDC Ltd is being recommended as a "buy" by several analysts, with expectations of a potential 20-30% upside in its stock price over the next 12 months. The company is focusing on increasing its production to 50 million tonnes by FY25, which is expected to drive revenue growth. Additionally, NMDC is expanding its presence in new minerals like lithium, positioning it for future growth opportunities.
However, risks such as changes in global iron ore prices and regulatory shifts could affect profitability. Overall, the stock is seen as having solid upside potential due to its production expansion and favorable market conditions.
NMDC 03-09-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) parallel channel and supports are good to take at entry point for long term.
2) if we seen good volume at 195-200 level we can add more for long term with SL of 185.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
NMDC Downside Target 220, 210, 200NMDC may see a decline in the upcoming few sessions, the stock is currently in a downtrend and has been rejected by a strong resistance on the daily chart where an inverted hammer candle has formed indicating weakness in the stock. 220 is a strong support in the stock, if the stock breaks this support, then the stock can also see 210 to 200 levels.
NMDC SHORT Trade Setup and levelsNMDC SHORT Trade Setup and levels
Got a clear short entry on 28 August
Entry: 226
Stoploss: 230
Target 1: 222 (DONE)
Target 2: 215 (DONE)
Target 3: 208
Target 4: 204
Current Trailing Stop loss: 224
Hope this helps.
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NMDC LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NMDC
Targets in chart - SL 110
Market Cap
₹ 38,244 Cr.
Current Price
₹ 130
High / Low
₹ 132 / 92.2
Stock P/E
7.72
Book Value
₹ 77.2
Dividend Yield
5.06 %
ROCE
30.2 %
ROE
23.0 %
Face Value
₹ 1.00
Promoter holding
60.8 %
EPS last year
₹ 19.1
EPS latest quarter
₹ 5.64
Debt
₹ 423 Cr.
Pledged percentage
0.00 %
Net CF
₹ -27.6 Cr.
Price to Cash Flow
15.5
Free Cash Flow
₹ 1,064 Cr.
Debt to equity
0.02
OPM last year
34.3 %
OPM 5Year
48.8 %
Reserves
₹ 22,328 Cr.
Price to book value
1.69
Int Coverage
102
PEG Ratio
1.61
Price to Sales
2.09
Sales growth 3Years
14.7 %
Profit Var 3Yrs
8.97 %
NMDC: Multi-Year Breakout since 2011#NMDC has finally broken a resistance zone since 2011.
- Bullish H&S Pattern Breakout
- Currently in a retest phase
- Potential support - 145-150
- Also sharing the monthly chart for a better understanding of the resistance.
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻