Sandeepk31

NMDC trading in a channel, wait for breakout

Sandeepk31 アップデート済   
NSE:NMDC   NMDC LTD
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.
コメント:
current candle top resistance is 122.70
コメント:
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.
トレード稼働中:
Monthly breakout confirmed.
Now after one retracement it will rise to new highs in next year or two. Enjoy trading
トレード終了: 利益確定目標に到達:
It reached target of 170... and more faster than expected and made lot of money. Happy trading

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