Although breakout has occurred recently it seems like taking support of 200 MA with the ascending triangle, if it is the case it might retest the Day Resistance area or if again breakout occurs below 200 MA ready to go short.
Forming the W pattern with higher high and higher lows, respecting the weekly support line and narrowing the triangle channel breakout might possible soon. Most probably breakout will be for LONG as have tested that level too many times.
It seems that NMDC is respecting the weekly support line also the same area is in the range of 50MA and 0.5 Fib level of previous swing. If it again correct itself from weekly support line there is a good chances that we can see the breakout.
