NMDC - Destruction ahead

13 May 2020

Formation of an impulsive wave having 4th wave already completed. Currently the stock is trading in the 5th wave which is expected to be completed in the zone of 35-34. The idea will be invalidated if the stock sustained above the level of 86 till then it is sell on rise candidate.

30 May 2020

Not

30 May 2020

Not

the recent lows didn't break, suggesting the wave 4 still pending for completion. Expected to complete in the region of 85-90 zone.