NMDC trade ideas
NMDC Consolidating at its Old Resistance zoneHello Traders,
As per the weekly chart since 2011, NMDC LTD has predominantly traded sideways. It experienced a breakout in October 2023 and has been consistently bullish until last week. Currently, the stock is in a consolidation phase around its robust old resistance zone, particularly at levels ranging from 230 to 245.
A retracement in the stock to the range of 190-205 levels is anticipated, where it could find support and potentially rebound into a bull run. In case it doesn't hold at these levels, there is a robust support zone at 160.
If NMDC stays between 230-245, there's a good chance it could reach its All time high levels in the coming days.
Here is my Analysis NMDC LTD. What are your insights ? Please share your comments below.
If you find merit in this idea, I truly value your support.
All the Best.
NMDC U-TURN?? OR BUY ON DIP??Nmdc showing a good signs of reversal with nice volumes and price action
BUT One can buy either on dip at 230 and 228 as STOPLOSS
One can go only if sustains above those level
Or
ENTRY - 236-236.5
STOPLOSS -233
TARGETS - 242, 248, 252++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
Im not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou.
NMDC - After 12 Years breakout.NMDC, a public sector stock listed on NSE. it gave 12 Years range breakout. Its look healthy consolidation and then Breakout. It may gave 50% Upside move and I'm bullish on NMDC.
Disclaimer: Its not any advise from my side just a pure Price Action. Use your capital wisely and take a advise from financial advisor.
NMDC Simple Price Action AnalysisNSE:NMDC in the past was in a severe downtrend, then it created the first Bullish Pattern known as a Falling Wedge.
Most often falling wedges change the trend and that can be seen in this chart also. Price has started creating Higher highs and Higher lows which is a signal of the beginning of an Uptrend.
Hence the expectation is price should continue its upward trajectory.
The First Target could be 163, which will be approx. 24.90% Return on Investment.
The Second Target could be 234, which will be around 79.31% Return on Investment.
And the Final Target, for now, could be approximately 439, which will be around 236.40%.
With this stock, our Earning is not limited to the Return on Investment rather we will also keep on Earning from the Dividends that we will receive from time to time, which will also act as an additional income.
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NMDC Target 1 Reached This NMDC strategy i'm already posted but its hidden due to some TradingView House Rules Violation Please Note this
" INVERSE HEAD & SHOULDER PATTERN BREAKOUT "
Entry Level - 130
Stop Loss - 115
Targets - 145,156,164
Breakout Happened on Sep 1st With good volume
FUNDAMENTALS OF NMDC
Market Cap - ₹ 38,307 Cr.
Current Price - ₹ 130
Stock P/E - 7.74
Dividend Yield - 5.06 %
ROCE - 30.2 %
ROE - 23.0 %
Face Value - ₹ 1.00
PROS
Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Company has been maintaining a healthy dividend payout of 38.9%
CONS
The company has delivered a poor sales growth of 8.75% over past five years.
Earnings include an other income of Rs.2,153 Cr.
Promoter holding has decreased over last 3 years: -8.86%
Working capital days have increased from 58.6 days to 102 days
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NMDC Levels for 15-Nov-2023 NSE:NMDC IPS Levels for 15-Nov-2023
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
NMDC ANALYSISPleasure to have you here. This is an investment analysis done for the Tickr, and potential in the Technicals.
In this Daily Chart , the chart has been slightly in uptrend and as soon as it crosses its resistance, we will decide to make a position in the stock,
if you like the idea please like the post :) It will be a motivation to further such ideas.
Disclaimer Note:-
1) This is just an analysis setup and no advice to trade/trade
2) If you are making position, please have your risk to reward analysis and then enter.
3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
Lower High seen Till now Hi @bhikhu65
As of now looking in downtrend Every time getting Rejected from upper levels,
strength will come when it ll give close above the Downward Channel and after hovering sometime there and give break above.
Till then the picture Looks like this to me.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
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