We have an underthrow of the lower ML of the pitchfork, which can be used an entry point, along with that we also have a bullish continuation divergence, I'll be waiting for a momentum off set which will make a fractal bar, to get long. Also waiting on for a logical context, maybe I'll see the daily chart to build a context.
# Equcational purpose NMDC --- ( basic trend up ) resistance - 166.45 -167.30 support - 158.05- 158.55 As NMDC touches its resistance level we may see some correction till the 160 -159 zone. if 158 holds then we see again upside and momentum pick up more above 169 levels
Had Bo the horizontal line & closed above it today. can buy with Sl 158 closing basis for 175 Levels
NMDC reversing from 71.6% Fib level. Good risk to reward ratio but a risky trade as the market trend is still bearish. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then...
NMDC at prz of butterfly and shark. Two bearish pattern in supply zone .
update on metals sector and status of stock picks. Regards AAsta
Stock consolidated from some time. Now taking support at 130 to 134 level multiple time. and bounce back again and again. In upside volumes are higher and increasing. Hence it is showing at good supply zone. We can take long position for target for short term 158 and long term 180+
NMDC looking good on chart.Above 161.90 should hit 165++ gap should fill.Keeping on radar NMDC 160 CE for very short term.
This video has my views about Metals Segments and top stocks which I have picked for my trade along with the logic, why I picked the trade. Regards AAsta
everything mentioned on the chart!!! looking good both fundumentally and technically markets are subject to financial risk!!!invest only affordable money
Hey traders .... please see this photo..and know this pattern name.. this pattern name is Bullish pennant.. this pattern provide uptrend continuation signal.
How a Flag Pattern Works Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag...
Self explanatory chart, strong fundamentals and expecting a good move in this script
NMDC continue volume increasing possible to fill the gap without pause. 166 target
Lot of technical reasons for choosing NMDC . 1 As per Ichimoku in daily above cloud 2. as per renko 3% first time above 20/40 EMA line 3. as per candle RSI is above 62 which is first time after long time . Buy NMDC above 152 And stop loss is on closing basis of rs.139 . always keep stop loss