Technical view by Nooresh

NMDC – A buy for a target of 177-180.



NMDC -- A buy at current levels and any dips to to 164-165.
Only government FPO to be trading comfortably higher wit
volumes. Small breakout seen. Looking for a target of 177-180 quickly


It could be a small inverted head and shoulders breakout above 165 giving a quick move. A longer term trend change can be seen only above 190. So its a quick trade with a small stoploss of 161.


Dislosure : recommended at 164 as btst ( maybe NAV pull up too )


Also have written another article on a stock we like for medium term – 

United Phosphorus: Confirming a triple bottom



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Article by Nooresh Merani

Nooresh has written 2531 articles.

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