NMDC trading in a channel, wait for breakout

30 lug 2023

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.

31 lug 2023

Nota

current candle top resistance is 122.70

4 ago 2023

Nota

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.

9 set 2023

Trade attivo

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

21 nov 2023

Trade chiuso: obiettivo raggiunto

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