Stock of the day : Buy NMDC Ltd.For Target Rs.132 - Religare Broking Ltd
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NMDC Ltd
* NMDC has been gradually inching higher from past more than a months, after breakout from a bullish reversal price pattern.
* The stock rebounded higher finding support around its pivotal high, while holding above its short term moving average.
* Set to cross the previous swing high and inch higher. Uptick in volumes is adding to confirmation.
* We thus recommend creating fresh longs in the mentioned zone.
Buy NMDC Ltd CMP 122.55; Range 121-123; SL 117; Target 132
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