NMDC LTD.Pembelian
“Rounding Bottom” formation
On the weekly chart, the stock has confirmed “rounding bottom” formation on a closing basis indicating strong come back of bulls
The stock has recaptured its 20 , 50 and 100 day SMA and rebounded very sharply
Rising volumes on a rally implies increased participation at lower levels
The daily and weekly “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 182 levels. *Holding period is 3 to 4 weeks
The stock has recaptured its 20 , 50 and 100 day SMA and rebounded very sharply
Rising volumes on a rally implies increased participation at lower levels
The daily and weekly “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 182 levels. *Holding period is 3 to 4 weeks
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