NMDC trade ideas
NMDC Book Partial Profits @129 TargetRSI kissing 80
Loosen up at high & book partial profits @121 Seek opportunities to accumulate more on dips now
NMDC Overbought for todays capacity I gave target of 134 but not in one day
Give it time to consolidate or else it will form bubble & burst more worstly resulting in sharp profit booking
Go easy for buy on dip stratergy
NMDC Buy @125 Target 134Double bottom pattern formed
Below RSI of 40 indicating stock is currently oversold
Great opportunity to buy
NMDC Bullish crossoverDouble bottom formed with bullish pattern indicating formation of W pattern leading to huge upside rally till 134 Target
NMDC Buy AlertHuge dip & formed morning star candle at bottom ready to rally upside
RSI @40 Great indication for upside move of 134 which is its 200DEMA easy to achieve
NMDC Big Dip to buyBuy as much as you can on 124
Because later stock only stops @134 which is its 200DEMA
Buy on this dip golden opportunity
NMDC Alert book complete profits at this crucial levelsAll Targets achieved
Repeat all targets achieved
Thanks me @9561805215
#NMDC POSITIONAL VIEWMy short term positional view on NSE:NMDC
Entry point 128
My target would be 143
Stop loss will be 121
Note: This is my personal view, only for learners
NMDC False breakout atresistance with low volumeDont hurry in bait
False breakout check volumes first
Overbought zone
RSI = 80
NMDC Shooting star Candle with double topTime to consolidate with little fall
Level up by 2% from huge gap down opening
Can se dip now
[POSITIONAL] NMDC LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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NMDC Again fake breakout on low volumesRSI on daily Chart above the trajectory of 70
And on intraday window its above 75
Keep sl of 124 & go short for this fake breakout
NMDC Short for todayRSI Reached its HIGH now time to fall
Upside can be seen in upcoming weeks but not at current Chart pattern
NMDC At strong support, Surely bounce from here100% achievable Targets (as recovery)
Target 1 131
Target 2 145
Target 3 173
SL 119.70
NMDC - Right time to buyStanding on good double support with reasonable RSI
SL- 120
TARGET 1 - 127
TARGET 2 - 134
NMDCwe are looking NMDC bullish move.
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A dip to buy NMDC at 122.50 @Central Pivot pointNMDC
Immediate upside bounce of TARGET 125
RSI = 30-40
Good to go long
NMDC one more false breakoutSince recovered from huge gap down opening , The RSI is already high, dont buy at this critical point wait for a dip to buy
NMDC LONG- PositionalRisk Reward 1:1.5 to 1:2
Buy half quantity at current price(109 to 112) and half quantity above 113
Target 1 : 124
Target 2: 130
Stop loss 103
Call unwinding is happening at higher level changes are high breakout will happen and sustain.
NMDC LEVELS...D CANDLE 24.08.2022NMDC now in trending market because weekly & monthly breakout and travelling in trend line @ daily candle also, so expect 200+ in long term view
NMDC Cup and handle BreakoutNMDC has formed rounding bottom breakout. Target 141.
Note: This is for educational purpose.
