NMDC Steel Ltd NSLNISP (Trend Reversal Setup)NMDC Steel Ltd NSLNISP is on trendline support on the daily time frame with good volume. The stock can head towards 60, 65 in short term. Stop loss can be placed at today's low which is 52.91.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSLNISP
NMDC SteelFaded nearly half of the move within 3 days!
However, the volumes are relatively lower as compared to the initial buying volumes.
Still seeing this as a pullback with the original SL intact.
The Green zone seems like a potential area for a bounce.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.