nmdc looks bullish in medium term.

in weekly time frame, morning star is formed at the horizontal support zone which coincides with .618 retracement of prior downtrend.

Also in daily time frame there is a breakout from downtrend channel with good volume, It seems trend reversal is done here and price should move from now on.

here sl should be - 102 (below morning star low), 1st tgt - 131 (immediate resistance) 2nd tgt - 150 (previous swing high).

Trade active:

till now 119.9

Trade active:

till now 122.5

Trade active:

till now 125.5

Trade active:

big move on fri, closed at 132.50, above upper bb, and bb is expanding in daily, sign of bullishness.

Trade active:

after making a swing high of 137, it corrected to 117 level, now it reversed from horizontal support, looks bullish now.

Trade active:

big candle formed with high volume, price closed above upper bb and BB is expanding. Looks bullish now,

Trade active:

price is approaching congestion area, currently it is near to trend line support level,

Trade active:

1st tgt achieved here, follow up chart,

price approaching overhead resistance, post successful breakout road will be clear for second tgt.

Comment:

cmp - 137.8, successful breakout from the congestion area, looks bullish, higher tgts can be achieved here.

Comment:

in daily, price is sustaining above middle bb and pushing upper bb upwards

Trade closed: target reached:

cmp - 150.10, 2nd tgt achieved here, cheers,

it took around 27 week, and gave around 29% return.

in current scenario, it has crossed previous horizontal resistance in weekly, looks bullish, much higher levels can be achieved here,

Comment:

monthly chart shows that, next tgts at - 192, then 285,