NMDC LTD.Panjang
NMDC - trade setup
Technical analysis -
Trade set up -
*Go long at CMP and add more on dips. All is good until stock closes below 128 level. I am keeping few extra rs as margin of safety.
Targets are big. First potential target is 158 followed by 192. If 192 breaks then a big rounding bottom formation will happen and you can trail your sl to achieve big targets.
Good luck.
- Stock has been in a downtrend from very long time, we can clearly see series of lower highs & lower lows.
Stock broke the neckline of previous high and did a retracement.
Double bottom formation with clear RSI divergence is visible on daily chart. I personally prefer to upload weekly/monthly charts here in tradingview to give a broader understanding of chart pattern, but i have checked daily chart as well.
Trade set up -
*Go long at CMP and add more on dips. All is good until stock closes below 128 level. I am keeping few extra rs as margin of safety.
Targets are big. First potential target is 158 followed by 192. If 192 breaks then a big rounding bottom formation will happen and you can trail your sl to achieve big targets.
Good luck.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.