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RA Anupam Bajpai

15th May 2025 · SEBI-Registered Analyst

NMDC
stock price analysis important levels and future actions

The stock price of

NMDC
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

#WatchOutFor#TechnicalViews#SectorBreakouts
Screenshot 2025-05-15 115103.png
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