NMDC Simple Price Action AnalysisNSE:NMDC in the past was in a severe downtrend, then it created the first Bullish Pattern known as a Falling Wedge.
Most often falling wedges change the trend and that can be seen in this chart also. Price has started creating Higher highs and Higher lows which is a signal of the beginning of an Uptrend.
Hence the expectation is price should continue its upward trajectory.
The First Target could be 163, which will be approx. 24.90% Return on Investment.
The Second Target could be 234, which will be around 79.31% Return on Investment.
And the Final Target, for now, could be approximately 439, which will be around 236.40%.
With this stock, our Earning is not limited to the Return on Investment rather we will also keep on Earning from the Dividends that we will receive from time to time, which will also act as an additional income.
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NMDC trade ideas
NMDC Target 1 Reached This NMDC strategy i'm already posted but its hidden due to some TradingView House Rules Violation Please Note this
" INVERSE HEAD & SHOULDER PATTERN BREAKOUT "
Entry Level - 130
Stop Loss - 115
Targets - 145,156,164
Breakout Happened on Sep 1st With good volume
FUNDAMENTALS OF NMDC
Market Cap - ₹ 38,307 Cr.
Current Price - ₹ 130
Stock P/E - 7.74
Dividend Yield - 5.06 %
ROCE - 30.2 %
ROE - 23.0 %
Face Value - ₹ 1.00
PROS
Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Company has been maintaining a healthy dividend payout of 38.9%
CONS
The company has delivered a poor sales growth of 8.75% over past five years.
Earnings include an other income of Rs.2,153 Cr.
Promoter holding has decreased over last 3 years: -8.86%
Working capital days have increased from 58.6 days to 102 days
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NMDC Levels for 15-Nov-2023 NSE:NMDC IPS Levels for 15-Nov-2023
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
NMDC ANALYSISPleasure to have you here. This is an investment analysis done for the Tickr, and potential in the Technicals.
In this Daily Chart , the chart has been slightly in uptrend and as soon as it crosses its resistance, we will decide to make a position in the stock,
if you like the idea please like the post :) It will be a motivation to further such ideas.
Disclaimer Note:-
1) This is just an analysis setup and no advice to trade/trade
2) If you are making position, please have your risk to reward analysis and then enter.
3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
Lower High seen Till now Hi @bhikhu65
As of now looking in downtrend Every time getting Rejected from upper levels,
strength will come when it ll give close above the Downward Channel and after hovering sometime there and give break above.
Till then the picture Looks like this to me.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Chart of the week. NMDC 13/10/23NMDC has made a huge rounding bottom pattern of its long time chart. For around 12 years , the stock took resistance around 150 and this week it has finally give a successful closing above. Even volume based buying can be seen on chart, hence, I am recommending to take a trade. Breakouts after such a long period should be taken very seriously and I am not recommending this stock for trading, however, even traders can take an advantage. Long term I personally think its a multi bagger and the targets are really huge and if I mention here hardly few would believe.
CMP - 160 (14/10/23)
T - 200, 230 W
SL - 140 W
NMDC bullish with volume"NMDC Stock Trade Strategy: Buying at 155 with 150 as a Support Level, Setting Stop-Loss at 140, and Aiming for 217 - Leveraging Weekly and Monthly Breakouts Since 2012"
1) Stop-Loss: This is the price at which you are willing to sell the stock to limit your losses. In your case, you've set a stop-loss at 140. If the stock price falls to 140, the system will automatically sell the stock to prevent further losses.
2) Target Price: This is the price at which you plan to sell your stock to realize a profit. In your case, you've set a target price of 217. If the stock reaches 217, you plan to sell to lock in your gains.
Please be aware that the stock market can be highly volatile, and stock prices can fluctuate rapidly. It's essential to do your own research or consult a financial advisor to make informed investment decisions. Always consider factors like market conditions, company fundamentals, and recent news when setting your trading strategy.
Also, keep in mind that the stock market involves risks, and there's no guarantee that NMDC's stock will reach your target price or avoid your stop-loss level. Make sure you are comfortable with the risks involved and never invest money you can't afford to lose.