NMDC Share Price Target: Triangle pattern breakout makes Navratna PSU top pick for this analyst

Share Price Target Today: NMDC Ltd, the state-run Navratna miner, is on the radar of ET NOW Swadesh panelist and market expert Harish Jujarey -- AVP (Head - Technical Equity Research), Prithvi Finmart. Responding to a question on NMFDC stock, the market expert said that NMDC shares are showing a triangle breakout formation on chart. "From trading perspective, I see a buying opportunity in NMDC at current levels for 10-12 per cent upside." "My recommendation on NMDC shares is buy for target price of Rs 81-82. Maintain stop loss at Rs 73 to manage your risk effectively," the market expert said. NMDC shares on Thursday (September 11) closed in the green at Rs 75.86 on NSE. The target price implies an upside of nearly 9 per cent.