NMDC touched resistance and ready to breakout but nifty direction may cause it retrace 89 or 90 or may not retrace and continues rally.
NMDC is at strong support and can ride slowly to the top... one can sell 82.5 PE at 1.65 if you see it is dropping below 83 then buy 85 PE to limit losses which is altogether a different cup of tea (Option Writers world) simply buy and hold with 80 stoploss
Intraday Cash Buy NMDC @ 88.50 - 88.80 SL 87.75 TGT 91 Above VWAP + TK cross over + MACD cross over + cloud break out GO LONG
Please do your own research before trading or investing.
Evening Star Pattern On Top , With A HIGH Volume Shows Buyers Are Not Willing to Buy At Higher Levels , Nest Candle Down , With A Low Volume Indicating Buyer Strength Are Getting Excused . On 75 Min We GET RSI Divergence But In Daily Divergence Are Yet To Show , 1st Case :- Price Can Came Down Hold Near About 85 Zone Then Can Touch lower Trend-line Or If It...
The weight of the evidence remains mixed and suggests that there will be winners on the long side, winners on the short side, and a lot of stocks in the middle that aren’t going anywhere. Here’s NMDC Ltd. breaking back below former support/resistance near 78 and starting to move lower again. With momentum in a bearish range and absolute and relative price action...
NMDC (NMDC Limited) BUY ABOVE 132
NMDC CMP 126.10 Add in dips if get 113 - 118 levels TGT 138 / 148 / OPEN SL 102 - 104
NMDC (NMDC Limited) BUY ABOVE 115
DATE 18-22/09/2019 NMDC SHORT@184 STOPLOSS@187 TARGET@179
NMDC could retest its weekly lows before any upward moves. The recent move has been fast and long so there's a high probability that this will see a pull back/ correction. If we get that pullback, the risk reward could be favorable for a shorting opportunity. There is also a possibility that the price will shoot down to retest the weekly lows without a correction...
It looks like NMDC has just completed a 5 legged up move with the Wave 5 being an Ending Diagonal. Currently it looks like the market is moving down in a Zig Zag corrective structure and can see atleast one more leg down. It should be noted that I do not track this instrument and this is my first look at it.
NSE:NMDC .NMDC India's largest Iron ore producer is going to benefit from firming of Global prices. With the revision of Chinese GDP growth rate by Moody's, I expect commodity prices to hold its reins over next few months. NMDC has formed firm base around 90-100 levels and It has consolidated over six months. It is on the verge of breakout from cloud and Momentum...
NMDC seems to be a good long at least till the upper trendline. Following that it may make one more low, before the start of a long-term upmove.