NMDC form perfect triangle chart pattern, bullish engulfing candle seen at triangle bottom. its indicate correction is over here and stock may start bullish trend from that point.
BUY @143.05
TARGET 1- 160 short term ( 15 -30 days )
TARGET 2- 180 mid term ( 1-2 month )
TARGET 3 - 200 long term ( 1 year )
Stop loss 130
all this analysis based on technical indicators please make own study and take call at own risk.. wish u happy trading !!
BUY @143.05
TARGET 1- 160 short term ( 15 -30 days )
TARGET 2- 180 mid term ( 1-2 month )
TARGET 3 - 200 long term ( 1 year )
Stop loss 130
all this analysis based on technical indicators please make own study and take call at own risk.. wish u happy trading !!
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Strong support area 135-140.
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NMDC Breaks TRIANGLE PATTERN upside today Closing above 143.80 target 160 this month .
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Good news for NMDC shareholder..NMDC announced interim dividend of RS 9 per share . 15 December Record date of payment of dividend. !!
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iron ore price is the main reason, this metal stocks are get affected somewhere, more then 50% fall in metal price in last 1 year ...unless this side improves fundamentals of this stock hit . !1