Closed Above the resistance zone of 90
Target 1 - 98
Target 2 - 116
SL- Below the trend line.
Disclaimer
These are my idea, please do your own technical analysis and enter at you own risks.
NMDC is at strong support and can ride slowly to the top... one can sell 82.5 PE at 1.65 if you see it is dropping below 83 then buy 85 PE to limit losses which is altogether a different cup of tea (Option Writers world) simply buy and hold with 80 stoploss
NMDC - Ready for a Breakout on a 30 Minute chart
Its showing symmetrical triangle on a Daily time and also showing symmetrical triangle on a 30 Minute time frame. Watch the stock , it might be getting ready for a break out.
20 DMA is also crossing over 200 and price. So expecting some movement in stock soon.
Evening Star Pattern On Top , With A HIGH Volume Shows Buyers Are Not Willing to Buy At Higher Levels , Nest Candle Down , With A Low Volume Indicating Buyer Strength Are Getting Excused .
On 75 Min We GET RSI Divergence But In Daily Divergence Are Yet To Show ,
1st Case :- Price Can Came Down Hold Near About 85 Zone Then Can Touch lower Trend-line Or If It...
Formation of an impulsive wave having 4th wave already completed. Currently the stock is trading in the 5th wave which is expected to be completed in the zone of 35-34. The idea will be invalidated if the stock sustained above the level of 86 till then it is sell on rise candidate.
The weight of the evidence remains mixed and suggests that there will be winners on the long side, winners on the short side, and a lot of stocks in the middle that aren’t going anywhere. Here’s NMDC Ltd. breaking back below former support/resistance near 78 and starting to move lower again. With momentum in a bearish range and absolute and relative price action...
NMDC Ltd. engages in the exploration of minerals. It operates through the following segments: Iron Ore, Pellets, Other Minerals and Services, and Other Reconcilliation Items. The company was founded on November 15, 1958 and is headquartered in Hyderabad, India.
NMDC
