NMDC: Near support levels
NMDC
173.30
- Offer for Sale by Govt at 165
- Support zone as per charts around 167 - 171
- Momentum might come above the red line
Target for the given set up 192 - 202 initially
Risk factor: If the yellow support zone is taken out, it may fall down to the blue line.
So have provisions have for that scenario too and plan your trade accordingly.
Take care
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
173.30
- Offer for Sale by Govt at 165
- Support zone as per charts around 167 - 171
- Momentum might come above the red line
Target for the given set up 192 - 202 initially
Risk factor: If the yellow support zone is taken out, it may fall down to the blue line.
So have provisions have for that scenario too and plan your trade accordingly.
Take care
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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