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NMDC LTD – TECHNICAL CHART WITH SIMPLE STUDY – SHORT TERM VIEW

nmdc

one can buy NMDC if close above 135 with sl at 122-120 range target 150-170

As per the technical chart we can see the simple development of trend lines.

price has taken the support on trendline recently, and with RSI it has developed positive divergence now, price and rsi both able to move above recent resistance level now, so if price give one more positive close on chart then it can confirm some reverse move, as rsi still having scope to go in overbought zone again.

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