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Hi guys, NMDC recent development is quite interesting, the Bull Flag with GAP. meanwhile the inverse is seen at BHEL. You guys can comment about trading strategy and trade plan…
buy as it has crossed long tern down trend line and trading above 20dwma with a flag formation supported by rise in volume also.buy at cmp with sl 86 intial target of 100 ,
bhel it was already under my sell call for a target of 105 and it was done and now its in 100-105 last strong support zone and indicators also in oversold zone and after down trend it is in consolidation for almost a week with good volume there is limited downside go short below only 97 but i expect a pull back till 117 so i will go long at cmp with sl of 95 for a target of 117.
Due to un-realistic dividend announcement the gap occurred. NMDC will trade in between 75 to 100 up to next Qtr result. After reaching 100 the gap will be covered.
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