NMDC LTD.Long
Potential Trade Opportunity in NMDC
NMDC presents a potential trade opportunity and the rationale is as follows.
1) Price broke out of the descending trendline with good volumes.
2) Price consolidated for 12 trading sessions near the previous resistance and has given a breakout with good volumes.
We can target for a 4%, 8% and 12% with an initial small risk of 4% (trailing stoploss to be followed later)
THIS IS NOT A CALL, CHART IS SHARED AS A KNOWLEDGE MATERIAL TO BE USED ONLY FOR EDUCATIONAL PURPOSES
1) Price broke out of the descending trendline with good volumes.
2) Price consolidated for 12 trading sessions near the previous resistance and has given a breakout with good volumes.
We can target for a 4%, 8% and 12% with an initial small risk of 4% (trailing stoploss to be followed later)
THIS IS NOT A CALL, CHART IS SHARED AS A KNOWLEDGE MATERIAL TO BE USED ONLY FOR EDUCATIONAL PURPOSES
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.