"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...
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...
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...
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.
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
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,...
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...
Lot of technical reasons for choosing NMDC . 1 As per Ichimoku in daily above cloud 2. as per renko 3% first time above 20/40 EMA line 3. as per candle RSI is above 62 which is first time after long time . Buy NMDC above 152 And stop loss is on closing basis of rs.139 . always keep stop loss
NSE:NMDC has broke the downward trendline followed from 12 May 2021.
Next 2 resistance levels to watch:
Resistance 1: 146.5
Resistance 2: 157.9
Entry - Below 140
SL - 129
If weekly close above the trend line, we can go long for couple of weeks
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...
NMDC is forming a triangle pattern and if it is not breaking the 171 level. There would be a good chance that it would move higher once if breakout the 183 price level for the targets 195 & 208. This would be supported by the Jun 22 results as well. If it is good result, then it would be a solid confirmation for long.