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NMDC: The Investment Bet

Panjang
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NSE:NMDC   NMDC LTD
NMDC retraced almost 78% of the 3rd wave and 61.8% of the whole move from 75 to 152. The stock seems to have made a nice reversal near 102 for the beginning of wave 5. As per this Elliot count, 152 levels are quite possible in medium term.

Entries -- either current price or any lower price if and when the opportunity arises.
Targets -- partial profit @ 133, trailing the rest of the position for final target of 150.
Stop -- 102

Hit like for better analysis in future. Comments are welcomed.
Trade safe.


Best Regards
Bravetotrade
Komen:
Flying higher.
Komen:
130 seems soon on the cards.
Komen:
Recovering strong.


Komen:
Hit the first target.
Be careful @ 143/144 -- a falling trend line zone.



JJ Singh
Trader/Investor
Moderator, TradingView

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