NMDC: The Investment Bet

NMDC retraced almost 78% of the 3rd wave and 61.8% of the whole move from 75 to 152. The stock seems to have made a nice reversal near 102 for the beginning of wave 5. As per this Elliot count, 152 levels are quite possible in medium term.

Entries -- either current price or any lower price if and when the opportunity arises.
Targets -- partial profit @ 133, trailing the rest of the position for final target of 150.
Stop -- 102

Hit like for better analysis in future. Comments are welcomed.
Trade safe.

Best Regards
Bravetotrade

Kommentera:

Flying higher.

Kommentera:

130 seems soon on the cards.

Kommentera:

Recovering strong.

Kommentera:

Hit the first target.
Be careful @ 143/144 -- a falling trend line zone.