NMDC trading in a channel, wait for breakout

2023年7月30日

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.

2023年7月31日

註釋

current candle top resistance is 122.70

2023年8月4日

註釋

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.

2023年9月9日

交易進行

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

2023年11月21日

交易結束：目標達成

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