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 !!
Good news for NMDC shareholder..NMDC announced interim dividend of RS 9 per share . 15 December Record date of payment of dividend. !!
Comment
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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
recent low 125 and recent high around 142 odd level from then ex dividend profit booking seen in this stock. due to iron ore price fluctuations all stock in this sector are under-performing so as NMDC. since fundamentals are strong this stock is good investment bet. max low is 125 downside and target 160-180-200 upside so risk to reward will be good. !
Amankroy
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This for long term. Accumulated in every dip.
champtrade111
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@Amankroy, sure if get a chance then best acclamation around 135-140 strong support area.