IMPORTANT RESISTANCE LEVEL : 150
TARGET : 195/280
VIEW CHANGES BELOW : 125 (once breakout above 150 confirmed)
TIMEFRAME : 3/12 months
NMDC is trading close to an important resistance at 150 which is based on a downward sloping channel within which the
scrip is trading in. Once a breach is secured, an immediate move towards 200 is likely while the breakout will also have
long term implications as in the next 1 year, a swift move towards 280-300 range may be coming by. A breakout though
should be on weekly closing basis only.
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TARGET : 195/280
VIEW CHANGES BELOW : 125 (once breakout above 150 confirmed)
TIMEFRAME : 3/12 months
NMDC is trading close to an important resistance at 150 which is based on a downward sloping channel within which the
scrip is trading in. Once a breach is secured, an immediate move towards 200 is likely while the breakout will also have
long term implications as in the next 1 year, a swift move towards 280-300 range may be coming by. A breakout though
should be on weekly closing basis only.
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