NMDC Long

Updated
3 reasons for a positive outlook.

1- NMDC is trying to bounce back from the Fibbo 50% level.
2- Price has given the breakout of the falling trend line and trading above the breakout level.
3- MACD has turned positive after positive diversion.

It looks suitable short term trading with favorable RR ratio.

Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss

Trade closed: stop reached
The market has rejected the analysis. Better to stop this analysis and move for a better search.
BANKNIFTYChart PatternsfinniftyTechnical Indicatorslongsetupnify50NMDCRELIANCEsbintradingideasTrend AnalysisTrend Line Break

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