NMDC trade ideas
Go long NMDCNMDC looks good for long
Oversold and give bounce to 130 levels
keep in watch list and buy on every dip
Good stock for long term portfolio.
NMDC Trend AnalysisCan this public sector company beat its private sector rivals in ROI?
Technically price has just bounced off from support and closed as bullish pin bar on weekly TF at the top 25% level which is considered highly bullish.
Broader pattern shows Cup with Handle formation as highlighted.
Good to buy at CMP or accumulate around 95-110 levels for the following targets:
Medium term swing target @ 188 (82.5% ROI with 4.72 R:R)
Medium term positional target @ 240 (133% ROI with 7.6 R:R)
Long term positional target @ 330 (220% ROI with 12.6 R:R)
Stop loss @ 85
Strong fundamentals with highest ever net profit YOY.
High capex because of commissioning of new steel plant (will be operational soon), for slurry pipeline and for third screening plant.
Demerger with Nagarnar Steel Plant which will take about 3 months.
NMDC is not in export market, hence there is no ‘direct impact’ as such on Imposition of 50% export duty on iron ore and 45% on pellets.
Demand is not an issue for NMDC as its top three customers account for 70% of the produced ore, with the balance taken up by Chhattisgarh DRI plants who are dependent on NMDC ore.
Do your own due diligence before taking any action.
Peace!!
NMDC India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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nmdc 1dtfLook like the downside opportunity of targets 141 close below it moves to 133 and all valid for the upcoming week only
NMDC looking goodWe have an underthrow of the lower ML of the pitchfork, which can be used an entry point, along with that we also have a bullish continuation divergence, I'll be waiting for a momentum off set which will make a fractal bar, to get long. Also waiting on for a logical context, maybe I'll see the daily chart to build a context.
NMDC # Equcational purpose
NMDC --- ( basic trend up )
resistance - 166.45 -167.30
support - 158.05- 158.55
As NMDC touches its resistance level we may see some correction till the 160 -159 zone.
if 158 holds then we see again upside and momentum pick up more above 169 levels
NMDC Horizontal Trendline BOHad Bo the horizontal line & closed above it today. can buy with Sl 158 closing basis for 175 Levels
NMDC LONGNMDC reversing from 71.6% Fib level.
Good risk to reward ratio but a risky trade as the market trend is still bearish.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Metals are Shining; Review 11th Feb 2022update on metals sector and status of stock picks.
Regards
AAsta
Taking multiple support at level and seeing high demandStock consolidated from some time. Now taking support at 130 to 134 level multiple time. and bounce back again and again. In upside volumes are higher and increasing. Hence it is showing at good supply zone. We can take long position for target for short term 158 and long term 180+
My view on NMDCNMDC looking good on chart.Above 161.90 should hit 165++ gap should fill.Keeping on radar NMDC 160 CE for very short term.
Metals are shiningThis video has my views about Metals Segments and top stocks which I have picked for my trade along with the logic, why I picked the trade.
Regards
AAsta
nmdc long!!! took support at 0.618everything mentioned on the chart!!! looking good both fundumentally and technically
markets are subject to financial risk!!!invest only affordable money
Technical analysis stock market.Hey traders .... please see this photo..and know this pattern name.. this pattern name is Bullish pennant.. this pattern provide uptrend continuation signal.
Nmdc for long bull flag.How a Flag Pattern Works
Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it. Flag patterns have five main characteristics:
The preceding trend
The consolidation channel
The volume pattern
A breakout
A confirmation where price moves in the same direction as the breakout
NMDC - Box BreakoutSelf explanatory chart, strong fundamentals and expecting a good move in this script
NMDC for 166 and moreNMDC
continue volume increasing possible to fill the gap without pause. 166 target
Buy NMDC Above 152 SL 139 Target 185Lot of technical reasons for choosing NMDC . 1 As per Ichimoku in daily above cloud 2. as per renko 3% first time above 20/40 EMA line 3. as per candle RSI is above 62 which is first time after long time . Buy NMDC above 152 And stop loss is on closing basis of rs.139 . always keep stop loss
