📈 NMDC – Bullish Trend Reversal with Breakout Setup (For Study Purpose Only)
NMDC has displayed a bullish trend reversal following a prolonged 6-month consolidation between ₹60–68. The stock broke out decisively above this range and has since retested the breakout zone successfully, confirming it as a strong support.
Subsequently, the stock entered a 1-month sideways consolidation between ₹67–73, forming a tight base—typically a sign of strength and potential continuation.
🔍 Technical Highlights:
✅ Breakout Zone: ₹68 (now acting as strong support)
🔁 Retest Completed: Post-breakout pullback respected support
🧱 Current Range: ₹70–73 (tight consolidation near highs)
📊 Volume: Gradual increase near resistance, indicating accumulation
📈 RSI & MACD: RSI climbing steadily; MACD shows bullish crossover
🎯 Trade Setup (for study purpose only):
Watch for strength above: ₹73
Stop-Loss (SL): ₹69
Targets: ₹75 (initial), ₹80–82 (extended)
📌 Note:
This analysis is intended for educational and study purposes only. Always conduct your own due diligence or consult a certified financial advisor before making any investment decisions.
NMDC has displayed a bullish trend reversal following a prolonged 6-month consolidation between ₹60–68. The stock broke out decisively above this range and has since retested the breakout zone successfully, confirming it as a strong support.
Subsequently, the stock entered a 1-month sideways consolidation between ₹67–73, forming a tight base—typically a sign of strength and potential continuation.
🔍 Technical Highlights:
✅ Breakout Zone: ₹68 (now acting as strong support)
🔁 Retest Completed: Post-breakout pullback respected support
🧱 Current Range: ₹70–73 (tight consolidation near highs)
📊 Volume: Gradual increase near resistance, indicating accumulation
📈 RSI & MACD: RSI climbing steadily; MACD shows bullish crossover
🎯 Trade Setup (for study purpose only):
Watch for strength above: ₹73
Stop-Loss (SL): ₹69
Targets: ₹75 (initial), ₹80–82 (extended)
📌 Note:
This analysis is intended for educational and study purposes only. Always conduct your own due diligence or consult a certified financial advisor before making any investment decisions.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.