NMDC Triangle breakout chart

Nov 13, 2021

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 !!

Nov 14, 2021

Note

Strong support area 135-140.

Dec 3, 2021

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NMDC Breaks TRIANGLE PATTERN upside today Closing above 143.80 target 160 this month .

Dec 6, 2021

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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. !!

Dec 29, 2021

Note

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