nmdceducational purpose only
nmdc #nmdc
nmdc #nmdc
nmdc #nmdc
nmdc #nmdc
enter only at trendline support to ride the trend
NMDC trade ideas
NMDC Freshh breakoutBig news, the demerger succeeded, After bottom formation on strong support of 135,
NMDC - VOLUME BREAKOUT📊 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 RSI is around 57.
🟢 Target 🎯🏆 - 137
⚠️ Stoploss ☠️🚫 - 100
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
NMDC Weekly Time FrameNMDC 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 book Profits @131.50 high volatility currently High volatility in global markets
Tomorrow can be huge gap dawn opening
Square off positions for now
Books profits @131.50
NMDC Time to accumulate More Qnty. @129Buy & Accumulate more NMDC achievable Target in short term @135
NMDC Alert achieved book Profits @131Targets achieved book profits @121 Wait for dip to buy more at levels of 127-128 again
RSI Near 100 = overbought zone currently
NMDC Alert 1 more false breakout Alert False breakout on NMDC without volumes & no consolidation in between
Sell @130 for todays target & accumulate @128 for future holdings
NMDC Book Partial Profits @129 TargetRSI kissing 80
Loosen up at high & book partial profits @121 Seek opportunities to accumulate more on dips now
NMDC Overbought for todays capacity I gave target of 134 but not in one day
Give it time to consolidate or else it will form bubble & burst more worstly resulting in sharp profit booking
Go easy for buy on dip stratergy
NMDC Buy @125 Target 134Double bottom pattern formed
Below RSI of 40 indicating stock is currently oversold
Great opportunity to buy
NMDC Bullish crossoverDouble bottom formed with bullish pattern indicating formation of W pattern leading to huge upside rally till 134 Target
NMDC Buy AlertHuge dip & formed morning star candle at bottom ready to rally upside
RSI @40 Great indication for upside move of 134 which is its 200DEMA easy to achieve
NMDC Big Dip to buyBuy as much as you can on 124
Because later stock only stops @134 which is its 200DEMA
Buy on this dip golden opportunity
NMDC Alert book complete profits at this crucial levelsAll Targets achieved
Repeat all targets achieved
Thanks me @9561805215
#NMDC POSITIONAL VIEWMy short term positional view on NSE:NMDC
Entry point 128
My target would be 143
Stop loss will be 121
Note: This is my personal view, only for learners
NMDC False breakout atresistance with low volumeDont hurry in bait
False breakout check volumes first
Overbought zone
RSI = 80
NMDC Shooting star Candle with double topTime to consolidate with little fall
Level up by 2% from huge gap down opening
Can se dip now
[POSITIONAL] NMDC LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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