1-hour chart, the stock is almost on the support level, below which the target will be 25.8
Technical Indicators has inverse signals: MACD is negative, RSI is positive!
Above 27.5, the target will be 28.7 then 29.8
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
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 , 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...
hello friends I tell you my forecast in daily time frame.
the NDMS stock is in a bullish trend since 2021 more or less or before, but in the last few months it entered a lateral phase that indicates a bullish distribution, if you are in buy I recommend that you exit the position when breaking the level 24.05, and if it is not in any position I still recommend...
