NMDC Breakout Analysis !!

πŸ“ˆ NMDC Ltd. πŸ“‰

This Stock broke out from a Resistance zone of 155-160 after testing three times. It was in consolidation since seven months and today that ended on long side So I am biased on long side as todays candle closed is strong green.

On Buy Side I am looking for Targets of 168, 182, 193, 203.

StopLoss should be kept at 146.
It offers 1:3 Risk Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Target 1 of 168 is achieved.
Trail SL to 155
Trade closed: stop reached:
Trailing SL Hit

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