The short-term outlook is bullish for NMDC Metal. The upmove within the inventory is gaining momentum. The inventory surged over 8 per cent on Wednesday and has closed strongly. This has taken the share worth effectively above the important thing intermediate resistance stage of ₹63. This stage of ₹63 will now act as a very good help. Transferring common cross-overs on the day by day chart additionally strengthens the bullish case. NMDC Metal’s share worth can rise to ₹80 over the subsequent three to 4 weeks. Merchants can go lengthy now at round ₹66. Maintain the stop-loss at ₹58 initially. Accumulate on dips at ₹64. Path the stop-loss as much as ₹69 as quickly because the inventory goes as much as ₹73. Transfer the stop-loss additional as much as ₹72 when the worth touches ₹76. Exit the lengthy positions at ₹79.
(Notice: The suggestions are based mostly on technical evaluation. There may be danger of loss in buying and selling.)
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