1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

NMDC Ltd

Discussion in 'Technical Analysis' started by srspriya06, Oct 23, 2013.

  1. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    It forms inverse head n shoulder pattern. Is it right time to buy this share?
     
  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Yes u may if wish to but with strict stop 120-125 but I don't prefer this stock in current scenario.
     
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    At what levels and what is your Stop loss and target?
     
  4. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    Can buy @ 140 levels with stop loss of 127 and target 155-170.?
     
  5. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    agree..dont prefer at this point of time
     
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Levels are ok but the SL is too steep.