NMDC may see a decline in the upcoming few sessions, the stock is currently in a downtrend and has been rejected by a strong resistance on the daily chart where an inverted hammer candle has formed indicating weakness in the stock. 220 is a strong support in the stock, if the stock breaks this support, then the stock can also see 210 to 200 levels.
NMDC SHORT Trade Setup and levels Got a clear short entry on 28 August Entry: 226 Stoploss: 230 Target 1: 222 (DONE) Target 2: 215 (DONE) Target 3: 208 Target 4: 204 Current Trailing Stop loss: 224 Hope this helps. Support my work by following my profile for more such actionable charts.
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.