NMDC Simple Price Action Analysis

1 thg 9, 2023

NMDC in the past was in a severe downtrend, then it created the first Bullish Pattern known as a Falling Wedge.

Most often falling wedges change the trend and that can be seen in this chart also. Price has started creating Higher highs and Higher lows which is a signal of the beginning of an Uptrend.

Hence the expectation is price should continue its upward trajectory.

The First Target could be 163, which will be approx. 24.90% Return on Investment.

The Second Target could be 234, which will be around 79.31% Return on Investment.

And the Final Target, for now, could be approximately 439, which will be around 236.40%.

With this stock, our Earning is not limited to the Return on Investment rather we will also keep on Earning from the Dividends that we will receive from time to time, which will also act as an additional income.

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13 thg 10, 2023

Ghi chú

1st target of 163 has been achieved today.

30 thg 1

Ghi chú

achieved 70.19% Return on Investment in just 151 days and counting.

5 thg 2

Ghi chú

Achieved the second target and a whopping 88.28% Return on Investment in just 157 days