NMDC - Where Angle's meet Angels We did flash NMDC; in the cusp of long term up-move. Short term set-backs are not out of the way as the broad market can correct. Umbrella provides the area of Risk protection (break on monthly close below negates the view); break of 130 on Monthly close price moves on high way. An idea worth holding the light. Graph inclination kept modest 45 degrees shows number of days to meet and the return. Where comfort meets Cash. Stay Long.
NMDC trade ideas
NMDC - EVERY ONE CAN MINE IT... OWN ITNMDC another GEM that is still available at very reasonable price on time series. Should be outperformer in the current move. Stay long as much as you can stops aggressive 103.00; very conservative 111.50 and then moderate 108.30. Upside first 134 (consider it is already in the bag) then the eventual 160.
NMDC - Ready for a Breakout on a 30 Minute chartNMDC - Ready for a Breakout on a 30 Minute chart
Its showing symmetrical triangle on a Daily time and also showing symmetrical triangle on a 30 Minute time frame. Watch the stock , it might be getting ready for a break out.
20 DMA is also crossing over 200 and price. So expecting some movement in stock soon.
NMDC - LongNMDC CMP - 99.25
Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Buy at or Above 99 - 100 / Stop Loss - 96.50
Target 1 - 101
Target 2 - 102
Target 3 - 103 / 105
Disclaimer: This is my view and for educational purpose only.