1-hour chart, NMDC, after crossing the blue line at 28.4, the target will be 31 extended to 32.4
A chart pattern (ascending rectangle) will be formed.
Technical indicators RSI and MACD are supporting this view.
Stop loss 27.5
Head and Shoulder breakout over another resistance level in NMDC. A high dividend-paying stock turns lucrative in momentum at the current point. Stand to gain 18% + excluding dividends
Buy - 163
Stop Loss - 148
Target - 193
NMDC has breakout the 11 years resistance
Forming rounding bottom on the chat the short term Target will be around 210 also it can go above till 350 for long term can stay invested until u doesn't get any sell signal .
Try to buy on dips
NMDC, a public sector stock listed on NSE. it gave 12 Years range breakout. Its look healthy consolidation and then Breakout. It may gave 50% Upside move and I'm bullish on NMDC.
Disclaimer: Its not any advise from my side just a pure Price Action. Use your capital wisely and take a advise from financial advisor.
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
...
"NMDC Stock Trade Strategy: Buying at 155 with 150 as a Support Level, Setting Stop-Loss at 140, and Aiming for 217 - Leveraging Weekly and Monthly Breakouts Since 2012"
1) Stop-Loss: This is the price at which you are willing to sell the stock to limit your losses. In your case, you've set a stop-loss at 140. If the stock price falls to 140, the system will...
Trend
It have started fresh trend, price is right near 200 day EMA once it clear sky is the limit. But for now 24.00 is a hurdle.
If it comes down to retest 22.35 i would consider this as buying opportunity. Volumes are now increasing on daily basis looks like people are jumping in.
Hit like & follow guys ;)
NMDC on weekly time frame is making a pattern named after a popular shampoo brand, "Head & shoulders :). Generally in Inverted head shoulder pattern breakout we can calculate the target basis range breakout method, so according to me above 134.5 it should touch 191 in coming months. But before touching 191 there are multiple resistances at 142/150/157/169, so we...
Hi Everyone
Welcome to Trading Idea, this is an medium them forecast of NMDC which is an good opportunity because this chat will convert into in longterm bullish cycle unless we hit invalidation level.
Thank You.
NMDC , ADX, Abu Dhabi
On the daily chart, the stock is building a support in the zone 18 - 21
Once the 21 level is crossed with high volume, the uptrend will be targeting 36, passing through some resistance levels as shown on the chart.
The technical indicators RSI and MACD are positive to start buying gradually while monitoring the breakout of 21.
Stop loss at...
NMDC (National Mineral Development Corporation) Ltd. is a government undertaking and also India’s largest producer of iron ore. It produces more than 35 million tons of iron ore from three merchandised mines in Chhattisgarh and Karnataka.
NMDC CMP is 107.50. Negative aspects of the company is declining annual net profits. Positive aspects of the company are...
NMDC CMP 107
Looking at the structure,
We can see a IHS developing...
With double bottom around 104.5
IF NMDC holds 104.5
It can move to 130/155/180+ in coming months...
Just a view!!
Vedang :)
Chart is for study purpose only!!!
As per my analysis, best level to take buy entry on NSE:NMDC is 107 with stop loss of 103 (-04 Points Risk). We can get upside target of 109.60 & 118 (+11 Points). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
#NMDC...
Intraday as well as swing trade
All levels given in charts
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this
We take trade only when it activates...with proper stoploss and their logic
breakout of cup and handle pattern in upside it is already bullish from last two month target are drawn on the chart possibilities it can hit the target
Cup pattern formation for 10+ yrs taking to break with positive high volume at the swing low on weekly TF
entry 131 break above 140 for target 169-189-216-267-335-385 SL- 107
