NMDC
Well this does not give too much comfort to us.
a) Markets are overall choppy , so all set-ups are facing some challanges.
b) The recent bounce B can’t be counted as a clear impulsive wave, so we’re assuming that it is just B wave bounce.
Now B wave bounces can go to any levels - 38% ,61.8% or they can stratch longer.
If it keeps crossing all the hurdle-lines - one can keep riding and can exit if the price starts turning back. It is still not in a sit and sleep phase.
From our understanding, if one understands trailing methods, he can trade . But for long term investment ,it is not ready.
It can turnback from where it is today or from next purple line or from other lines (marked on the chart)
Weekly chart:
Disclaimer :This post is just a for learning a method. No buy/sell recommendations. These are probability study methods and chances of success depend upon various factors.
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