A Metal Stock can start impluse 5th Wave?
- Traderz Hut
- Jun 8
- 1 min read
NMDC has broken out of a ssloping trendline on weekly charts
Stock has started its impulse journey upwards
The base formation is in the range of 66 to 69 (CMP 72.50)
The decline is in the form of corrective decline from 95.45 to 60 A-B-C as per Elliot wave perspective
The cycle degree Wave V is on cards
Big move coming up in the stock which could give a return of 40 to 50% appoximate time horizon of 6 - 12 months
New Life time highs on cards for the stock
Disclaimer:
Stock market investments are subject to market risks. Please read related documents before trading or investing. Please read the documents carefully for trading or investing carefully. This blog is for educational purpose only. Please do consult your personal financial advisor before investing or trading. I Mr. Raju Angadi Vishwanth - Sebi registered Research Analyst (INH200007584) may have positions on the stock. The analysis is purely unbiased and based on technical analysis.
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