NMDC ( DAILY ) - Triangle BreakoutTriangle Breakout
Volume Breakout
Stochastic turned from oversold conditions
RSI > 55
< 20 % Selling wick
Buy above 143.5
NMDC trade ideas
Swing Trading using SMAIndicator - Simple Moving Average with length 34 days and source close price
Once plotted, we have to identify an alert candle
Characteristic of an alert candle are
1) It touches the SMA
2) Close Price is greater than SMA Value
3) Low Price is lower than SMA Value
4) Close Price is greater than SMA Value (green candle)
Also note that the stock is in uptrend - Minimum 10 previous candles formed above SMA line
Entry - Buy at High of Alert Candle
Exit
Stop Loss - Lowest of the Low ( Lowest price in past 3 days)
R = Entry - Stop Loss
Target 1 ( 50% ) - 1:1 i.e., Buy Price + R
Target 2 ( 50%) - 1:3 i.e, Buy Price + 3R
Once Target 1 is achieved move SL to Buy Price
NMDC waiting for breakout NMDC in reaching apex of triangle. Wait for price breakout above triangle and then go long.
weekly chart, price is at strong resistance zonefor making upside move price has to give breakout with huge volume.
NMDC { 15 Short }As per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
NMDC- CMP 123.25NMDC- CMP 123.25 - NMDC has made a cup and handle breakout yesterday with good cash volumes and OI rise in futures. It can go up to 131, 138 with a SL of 120. This is for educational purpose only and any investment done shall be with the advice of financial expert.
NMDC { 15 M short }Doji in formation at resistance, Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
NMDC - Where Angle's meet Angels We did flash NMDC; in the cusp of long term up-move. Short term set-backs are not out of the way as the broad market can correct. Umbrella provides the area of Risk protection (break on monthly close below negates the view); break of 130 on Monthly close price moves on high way. An idea worth holding the light. Graph inclination kept modest 45 degrees shows number of days to meet and the return. Where comfort meets Cash. Stay Long.
NMDC - EVERY ONE CAN MINE IT... OWN ITNMDC another GEM that is still available at very reasonable price on time series. Should be outperformer in the current move. Stay long as much as you can stops aggressive 103.00; very conservative 111.50 and then moderate 108.30. Upside first 134 (consider it is already in the bag) then the eventual 160.
NMDC - Ready for a Breakout on a 30 Minute chartNMDC - Ready for a Breakout on a 30 Minute chart
Its showing symmetrical triangle on a Daily time and also showing symmetrical triangle on a 30 Minute time frame. Watch the stock , it might be getting ready for a break out.
20 DMA is also crossing over 200 and price. So expecting some movement in stock soon.
