Chart of the week. NMDC 13/10/23

13 Eki 2023

NMDC has made a huge rounding bottom pattern of its long time chart. For around 12 years, the stock took resistance around 150 and this week it has finally give a successful closing above. Even volume based buying can be seen on chart, hence, I am recommending to take a trade. Breakouts after such a long period should be taken very seriously and I am not recommending this stock for trading, however, even traders can take an advantage. Long term I personally think its a multi bagger and the targets are really huge and if I mention here hardly few would believe.

CMP - 160 (14/10/23)
T - 200, 230 W
SL - 140 W