NMDC - 12 year of long term resistance breakout!!The stock has given a twelve year resistance and other technical parameter clearly showing a strength for further upside. The dual head and shoulder pattern visible in monthly chart, accordingly immediate target will be Rs 219 with stop loss at Rs 140 .
Daily Chart
The cup/handle breakout with breakaway gap and quadruple volume. The continuations of momentum with triangle breakout signalling a bullish uptrend.
Technical Chart
Positive technical set up with golden crossover, volume surge and support at ema.
Thanks
-aJ
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