NMDC Target 1 Reached

Sep 14, 2023

This NMDC strategy i'm already posted but its hidden due to some TradingView House Rules Violation Please Note this

" INVERSE HEAD & SHOULDER PATTERN BREAKOUT "

Entry Level - 130
Stop Loss - 115
Targets - 145,156,164

Breakout Happened on Sep 1st With good volume

FUNDAMENTALS OF NMDC

• Market Cap - ₹ 38,307 Cr.
  
• Current Price - ₹ 130
  
• Stock P/E - 7.74
  
• Dividend Yield - 5.06 %
  
• ROCE - 30.2 %
  
• ROE - 23.0 %
  
• Face Value - ₹ 1.00
  

PROS

• Company has reduced debt.
  
• Company is almost debt free.
  
• Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
  
• Company has been maintaining a healthy dividend payout of 38.9%
  

CONS

• The company has delivered a poor sales growth of 8.75% over past five years.
  
• Earnings include an other income of Rs.2,153 Cr.
  
• Promoter holding has decreased over last 3 years: -8.86%
  
• Working capital days have increased from 58.6 days to 102 days
  

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HAPPY TRADING 👍

Sep 15, 2023

Note

Appeared my NMDC strategy in TradingView popular Ideas List On TOP 💰🎉

Oct 19, 2023

Trade closed: target reached

NMDC Reached its all 3 targets
34 points targets completed in just 1 & half month
💰💰🚀💥

Oct 19, 2023

Trade closed: target reached

Dec 30, 2023

Trade closed: target reached

81ponits (62%) returns