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NMDC LTD.

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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
NSE:NMDCLong
by amitsubodh
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
NSE:NMDCShort
by ShivamMendhare
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
NSE:NMDCShort
by ShivamMendhare