NMDC Stock is trading in downtrend making lower highs and lower lows.
The price reached 104 support area and bounced but got rejected by Daily 200MA near 110.
As of now , I expect price to trade in between a range of 104-110.
If daily closes above 110, we can look to buy.
If daily closes below 104, exit your position.
We can also trade the short term range of 104-110 buy buying at 104 and selling at 110.
The price reached 104 support area and bounced but got rejected by Daily 200MA near 110.
As of now , I expect price to trade in between a range of 104-110.
If daily closes above 110, we can look to buy.
If daily closes below 104, exit your position.
We can also trade the short term range of 104-110 buy buying at 104 and selling at 110.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.