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.
Metal stocks shown some strength in last few days and consolidating in last 1 week. n sustaining above 125 we may see a good move in NMDC, Keep the scrip in radar
The idea here is about NMDC:
NMDC Limited (NMDC) is an India-based iron ore producer and exporter. The Company operates in two business segments: iron ore and other minerals and services. The Company is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin,...
My 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
Risk 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.
Can this public sector company beat its private sector rivals in ROI?
Technically price has just bounced off from support and closed as bullish pin bar on weekly TF at the top 25% level which is considered highly bullish.
Broader pattern shows Cup with Handle formation as highlighted.
Good to buy at CMP or accumulate around 95-110 levels for the following...
NMDC reversing from 71.6% Fib level.
Good risk to reward ratio but a risky trade as the market trend is still bearish.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then...
This stock is looking good at current levels and more above 156, it has started wave 5, once wave 5 unfolds we can see 200+ levels.
One can go long with mentioned key levels in chart.
Once it closes above 156 then boom
Breakout with good intensity of volume
Key levels are mentioned in chart
Wave Structure could be like this
Macd in weekly is turned...
