NMDC15/10/2023
NMDC: Inverted head and shoulder pattern,
CMP:159
Target : 10 to 30%
SL:154
Information is only for study purpose
NMDC trade ideas
NMDC multiyear breakout....buy at 150 levelsmultiyear breakout in NMDC....wait for retracement at levels of 150 and below for multibagger returns. hold for mid to long term for massive return. Keep an eye on 150 levels and below.
accumulate & hold tightly....
#Kasmir "Li"
Chart of the week. NMDC 13/10/23NMDC has made a huge rounding bottom pattern of its long time chart. For around 12 years , the stock took resistance around 150 and this week it has finally give a successful closing above. Even volume based buying can be seen on chart, hence, I am recommending to take a trade. Breakouts after such a long period should be taken very seriously and I am not recommending this stock for trading, however, even traders can take an advantage. Long term I personally think its a multi bagger and the targets are really huge and if I mention here hardly few would believe.
CMP - 160 (14/10/23)
T - 200, 230 W
SL - 140 W
💥NMDC💥- Nice Breakout💥NMDC💥- Nice Breakout
Capital to be deployed- 20k
Investing Price -155-159
Breakout Price -155
Stoploss-133
Targets-216-359-467
RT for max reach.
#NMDC #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews
NMDC bullish with volume"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 automatically sell the stock to prevent further losses.
2) Target Price: This is the price at which you plan to sell your stock to realize a profit. In your case, you've set a target price of 217. If the stock reaches 217, you plan to sell to lock in your gains.
Please be aware that the stock market can be highly volatile, and stock prices can fluctuate rapidly. It's essential to do your own research or consult a financial advisor to make informed investment decisions. Always consider factors like market conditions, company fundamentals, and recent news when setting your trading strategy.
Also, keep in mind that the stock market involves risks, and there's no guarantee that NMDC's stock will reach your target price or avoid your stop-loss level. Make sure you are comfortable with the risks involved and never invest money you can't afford to lose.
Multi year breakoutKeep an eye on this stock. Breakout expected in the upcoming days. Healthy P/E ratio of 7.2. Looks ready for a good rally.
NMDCDISCLAIMER : All views are for learning purpose only.
NMDC :Looking good on weekly chart with base formation of 130 levels, having structure break ,above 150 we can expect 160 -170-180-190 in short term
ATH Closing (Weekly TF) - NMDCPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
NMDC*NMDC*
C&H Formation on Decadal / Yearly Basis.
Strong ATH Priceline BreakOut & Sustained.
Strong Vol BuiltUp post Yearly Consolidation.
Move may be Fast & Furious!!!
Resistance @ 162/205/219 to be Watched.
Book Profit as per Risk Appetite.
Trail SL with Upside.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
NMDCso it is a clear cut breakout with a follow-up candle that confirms the breakout. the breakout was supported by high volume.
it may come for a retest to the levels from where it gave the breakout that can be a point of entry.
this is not any type of investment advice do your analysis before putting any of your hard-earned money.
#NMDC making shampoo pattern on weekly timeframe, go long?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 need to be careful around these levels.
NMDC DAILY CHARTNMDC DAILY CHART
Breakout @ 110.50 Target @ 126.80
NMDC has witnessed a double bottom formation breakout on daily charts.
Its only an observation & not any suggestion.
NMDCLooking good forming an an inv H&S kind of pattern on monthly time frame.
RSI is over 65 and MACD crossover also being done
Volumes are being seen from the last couple of months
Please check the levels marked in green for targets and trailing SL
#NMDCNear Trendline Breakout
Target Life Time High
Price action and RSI is bullish with Volume Support
Plan Your Trade with Small SL
NMDC BULLISH HNSNMDC making HNS pattern , need to break 130 for confirmation of breakout , and iron ore prices are also increasing thats why it is moving , whenever it will break 130 then next targets will be 140-150-160.
Thank you
NMDC IS LOOKING FOR A BULLISH MOVEEarlier Head and shoulder pattern was formed on NMDC breakout of the pattern has already happened and now it is retesting so a good bullish move is expected.
Target - 118.70
NMDC LONGChart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
3rd wave started in NMDCsoon we can see minimum level of around 125 or if wave 3 is confirmed price can go to 135 levels also
NMDCThe scrip has recently given a breakout after few weeks of consolidation. It is forming a bullish price action and can be added for long. It has a immediate support marked with green color where further positions can be added. All the levels are marked on the charts. Any further updates would be posted here.
NMDC confirm bullish Flag and inverted Head and shouldersShock is on the golden levels to buy for 2years
Buy NMDC at 113 and the target is 250 double the with stoploss and fundamental is strong
