NMDC

stock breakout

on 15th may 2025, we discussed about

stock stating that The stock price of has taken support from he 100 moving average on 12th May 2025 Yesterday, the stock price surged 4.21% and A crossover has been seen between a 20 and 100 moving average in the upward direction, which indicates a further rise in price Further rise in price may be seen, but the 200 moving average may act as an important resistance level And today, the stock price of NMDC has faced resistance from he 200 exponential moving average only If the stock price closes above the 200 moving average further rise in price may be seen And the stock price may move towards the level of 74 RSI is at 60 The investor should wait for the closing above the 200 moving average on a daily basis chart Today, the stock price of NMDC has given its closing above 200 moving average Now further rise in stock price may be seen, and it may move towards 75 Now 200 moving average will act as an important support level