NMDC - 12 year of long term resistance breakout!!

已更新

The stock has given a twelve year resistance and other technical parameter clearly showing a strength for further upside. The dual head and shoulder pattern visible in monthly chart, accordingly immediate target will be Rs 219 with stop loss at Rs 140.

Daily Chart
The cup/handle breakout with breakaway gap and quadruple volume. The continuations of momentum with triangle breakout signalling a bullish uptrend.

Technical Chart
Positive technical set up with golden crossover, volume surge and support at ema.

Thanks
-aJ

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交易开始

weekly chart - price retested the breakout level.