The stock came out of a decade long consolidation making rounding bottom and is visible for food upside in near medium term. It is on fresh breakout before loksabha elections marking its move for fresh lifetime high.
this stock is now its near to the support zone, previously a strong move is identified from this zone of support. if price breaks the demand then also keep in long side, we have a strong resistance at 265,price is likely to this resistance before fallback.
As per my analysis, best level to take buy entry on NSE:NMDC is 107 with stop loss of 103 (-04 Points Risk). We can get upside target of 109.60 & 118 (+11 Points). This could be low risk and high reward idea. Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Metal stocks shown some strength in last few days and consolidating in last 1 week. n sustaining above 125 we may see a good move in NMDC, Keep the scrip in radar
The idea here is about NMDC: NMDC Limited (NMDC) is an India-based iron ore producer and exporter. The Company operates in two business segments: iron ore and other minerals and services. The Company is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin,...
Can this public sector company beat its private sector rivals in ROI? Technically price has just bounced off from support and closed as bullish pin bar on weekly TF at the top 25% level which is considered highly bullish. Broader pattern shows Cup with Handle formation as highlighted. Good to buy at CMP or accumulate around 95-110 levels for the following...