NMDC trading in a channel, wait for breakout

2023년 7월 30일

NMDC is trading in a Symmetrical triangle channel on monthly charts. Hence dont get stuck at top resistance of the channel.

On upper side channel breakout - target is 170+
On lower side channel breakout - target is 60-70

Note- Wait for Monthly candle to close above the resistance channel. Else may get stuck in false breakout.

2023년 7월 31일

노트

current candle top resistance is 122.70

2023년 8월 4일

노트

multiple positive indicators coming out on NMDC
1. Forming Inverted Head and shoulder pattern on Monthly and weekly chart. The formation is not yet completed.
2. The golden crossover 20/50 moving average completed on weekly charts.
3. 20/100 moving average crossover in progress on monthly charts
4. Long term Trendline breakout is already awaited on all charts.

Take decision as per your understanding.

2023년 9월 9일

액티브 트레이드

Monthly breakout confirmed.
Now after one retracement it will rise to new highs in next year or two. Enjoy trading

2023년 11월 21일

거래청산: 타겟 닿음

It reached target of 170... and more faster than expected and made lot of money. Happy trading