NMDC wave analysisNMDC completed wave 2 correction which took almost 6 months,its getting ready for big upside wave 3
NMDC trade ideas
Buy for the target of 141 in short termNMDC is at good support 130 levels.
Buy for the target of 141 in short term.
Breakout in NMDCThe stock gave a breakout with a strong bullish candle breaking the trend line of past 245 days with volume expansion.
NMDC - TRENDLINE BREAKOUTNSE:NMDC has broke the downward trendline followed from 12 May 2021.
Next 2 resistance levels to watch:
Resistance 1: 146.5
Resistance 2: 157.9
Trade Plan:
Entry - Below 140
SL - 129
If weekly close above the trend line, we can go long for couple of weeks
NMDC Levels...M Candle (30.12.2021)NMDC once breaks trend line its achieved target 1 now in retracement, so this correct time to think about buy this range and will expect 200+ in 2022
NMDC View for 1-2 months Upside potential 40%Buying CMP or 131-135
SL 121
TGT 1= 160-165
TGT2= 195-200
It give good dividend also more than 5%
Resistance 1= 145
This is only for EDUCATION PURPOSE.
NMDC LTD (LONG)volume seen in this stock
it broke the decending trendline and retested it, now ready to move up
BUY near 140 -145
TGT 157 - 187 - 203 - 213
SL 129
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
nmdcGovt Announces RFB For Selling Neelanchal Ispat's 93 % stake at Valuation of Rs 6000-7000 Cr
The beneficiaries
$MSTC Ltd. Holds 49.7 % stake in Co.
$NMDC Ltd. Holds 10 % Stake In Co.
NMDC - Watch out for Trend line & Resistance BONMDC - Watch out for Trend line & Resistance BO
Buy above 150
Stock Analysis - NMDCStock Analysis - NMDC:
Daily Timeframe:
1. Current price is well below 200 MA - indicates bearish region.
2. Multiple support ar Rs.134
3. Resistance reduce from ATH of Rs.203 thru Rs.180 and Rs.160.
4. After touching 4th support, three consecutive green candles formed with spike in BUY volume, which indicate to go up.
5. But, Rs.148 is the deciding point which we want to watch to confirm breakout or breakdown.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
NMDC Good scrip at discounted priceAnalysis as explained in chart. Targets as given in chart.
This idea is for educational purpose only.
Please use strict stoploss and money management rules.
Please consult your financial advisor before investing.
If you support the idea, please hit 'Like' button. You can donate coins too.
Happy Trading!
triple bottom on daily chartstock has shown triple bottom on daily chart , good short term upside seen
NMDC LTD (LONG)Ready to bounce back after taking support
Buy few near 141
Buy more above 160 once retest on trend line done
SL 132
Tgt 187-203-213
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
Nmdc a short for global iron ore pricesNmdc stock has been correcting sharply since the iron ore prices more than halved in NYMEX. Currently iron ore prices are trading near a psychological range of 100$ 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 .
NMDC LONG Hi
NMDC looks good & attractive on current levels for 228.....this is portfolio stock & this require min 2 months time.
Best of Luck....!!!
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.
NMDC LtdSupport and breakout as shown on the chart. This is for Educational purposes only. Please consult your Financial advisor before investing
Bullish view on NMDCChart is self Explanatory one.
Nice Retracement done .
and trying to make upmove.
NMDC - Candidate for Investment25 Oct - NMDC - Daily Chart
Looks promising Structure now...
Major Uptrend,
Near to end of Price Corrections as per Elliott wave,
Near to Time Cycle Bottom Formation,
RSI shows +Ve Div with starting of Up cycle on daily Chart
Fundamentally strong Stock...
