Cease Loss: Rs 69
Goal: Rs 75-78
NMDC closed at 71.91, up by 0.47 factors (+0.66%), registering a breakout from a Adam & Eve sample supported by above-average volumes, indicating robust accumulation curiosity. The inventory is buying and selling above all key EMAs moreover all of that are seen to be consolidating in a slender vary, making ready for a good directional transfer. RSI is positioned at 62.10, suggesting power in momentum, whereas ADX at 11.30, although nonetheless low, is step by step choosing up, hinting at a strengthening development. The neckline breakout round 70.5–71 confirms bullish intent, with potential upside ranges at 75 and 78, and fast help close to 69.
(Drumil Vithlani, Technical Analysis Analyst at Bonanza)
