Long NMDC Long

NMDC LTDNSE

Description

⋅ Jul 29, 2016 4:32 AM

NMDC seems to be a good long at least till the upper trendline. Following that it may make one more low, before the start of a long-term upmove.

NMDC

Comments

vikasjairath2k

⋅ Jul 29, 2016 4:19 PM

Very nice self explanatory charts Mr. Tushar.

UnknownUnicorn381249

⋅ Jul 29, 2016 4:50 AM

why do you think it will touch upper trend line

tushargupta1991

⋅ Jul 29, 2016 2:38 PM

That's because one of the possibilities is that NMDC is forming an Ending Diagonal (you can google it). As per that count, it should take the upper TL as resistance and make a new low before going up.