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
has given breakout above 127 on daily charts, shall be invested.
fibo levels on weekly suggesting targets obove 150. is a good funda stock and slow mover shall invest try not to trade.
Moving averages and RSI suggesting can move fast. but still make it as investing call.
short term targets shall be 135-40.
Dis- charts are for education purpose buy as per your...
AFTER 9 MONTHS C&H AND RSI BREAKOUT WITH HEAVY VOLUME
Golden crossover
Bullish crossover
ENTER AND EXIT LEVELS
127
120SL (5%)
147 TARGET (15%)
RR 2:56
READ ITS FUNDAMENTALS AND PLAN ACCORDINGLY
educational purpose only!
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
Context - High volume MarkUp into 100-200 zone after 10 Year long causality in 50-100 zone
Up from Nov'20 to May'21 met supply at 190
Demand appeared at 100 in Jul'22
Plan -
to Purchase Breakout above 145
or, rejection indications near 100
PB 1x
PE 5x
ROCE 36%
Div 11%
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,...
📊 Script: NMDC (National Mineral Development Corporation Limited)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY METAL
📊 Sector: Metals & Mining
📊 Industry: Industrial Minerals
📈 NMDC has given volume breakout we may see rally in future.
📈 Stock is trading at upper band of BB.
📈 MACD is already in crossover.
📈 Already crossover at Double Moving Average.
📈 Right now...
NMDC in Weekly Forms like a Double Tops and it will give a nice breakdown but now
1. its retests the previous levels for the resistance zone
2. Trendline Breakout
3. Taking 200 EMA Resistance with red candle
4. Awesome Oscillator Shows Down which means its indicates Bearishness wait for a confirmation and take a trade!
NMDC Ltd. engages in the exploration of minerals. It operates through the following segments: Iron Ore, Pellets, Other Minerals & Services, and Other Reconcilliation Items. The company was founded on November 15, 1958 and is headquartered in Hyderabad, India.
NSE
