Service – Call under Kerdoss Elite
#NMDC
NMDC Ltd
Buy Range: 72-72.5
Add at Dip: 70
Target: 76/80 and above
Stoploss: 67 DCB and below
Time Horizon: 3-6 Weeks
Rationale: NMDC has been trading in the range for more than 4 months now. Its breaking out with goog momentum. Its above 20, 200 EMA on DTF and 20 EMA of WTF.
NMDC Limited is a government-owned public enterprise involved in the exploration and production of various minerals in India. The company’s core business is the mining of iron ore from its large mechanized mines located in states such as Chhattisgarh and Karnataka. As a constituent of the metals and mining sector, NMDC supplies iron ore to domestic steel manufacturers and also participates in the export market. Its business activities extend to the exploration and mining of other minerals, including diamonds and magnesite.
#NMDC #NMDCLtd #StockMarket #NSE #Metals #MiningStocks #TechnicalAnalysis #Trading #IndianStocks #KerdossTradeIndia
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Chart added in edit update.
