NMDC Is Tightening — Big Move Incoming?

NMDC looks like it’s at one of those “decision point” moments. The stock had a good run from the low-80s, but now it’s stuck in a tightening range between roughly ₹87 and ₹93. The recent move up got sold into pretty hard near resistance, which tells you traders still aren’t confident chasing it higher yet. Short term, it probably chops around unless one side gives way decisively. If it breaks above ₹93–94 with strength, the next leg higher toward ₹97–100 can happen quickly. But if ₹87 cracks, the chart weakens and a move back toward ₹84 becomes likely. Right now the market feels cautious rather than outright bearish; basically waiting for a trigger.