Recommendation: Buy NMDC

StatusClosed
Date 11/01/2023 12.35 PM
Stock NMDC Limited
RECO Buy
RECO Price 127
Target Price 132.8
Stop Loss 122
Report File Download

Rationale for Recommendation

SHORT TERM TRADING CALL: BUY Call for NMDC at ₹127 for target of ₹132.80 with stop loss of ₹122.

NMDC has crossed above its 200 EMA of ₹125.09 and it has now breached its 2 months high levels of ₹127. We saw today is trading with heavy price volume today.

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