NMDC - Demand appeared at 100 in Jul'22

Context - High volume MarkUp into 100-200 zone after 10 Year long causality in 50-100 zone

Up from Nov'20 to May'21 met supply at 190
Demand appeared at 100 in Jul'22

Plan -
to Purchase Breakout above 145
or, rejection indications near 100

PB 1x
PE 5x
ROCE 36%
Div 11%

Trade active:

NMDC

Updated Analysis - Earlier Levels are not relevant due to impact of corporate action

Plan ahead, to Purchase
on confirmation of Breakout above 120
or, rejection indications near 90