NMDC trade ideas

salilramani

Research Purposes

unnikrishnanes

Details given in chart

chanakyak Updated 

* Symmetric triangle breakout * Resistance line breakout * Monthly closing price breakout with raising Volumes Trading above all Important moving averages

arvfit Updated 

NMDC long based on Resistance breakout

NeeravYadav

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.

GaneshChoudhry

green trg red line sl

Quickfix

Break out strong downtrend.................keep hold.

AnnaCrude

BUY 108 TGT 120.50

Sg_bangalore

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...

tushargupta1991

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.

UnknownUnicorn471609

NMDC BUY AT 90 STOPLOSS 87 TARGET 99