NMDC LTD.Long
NMDC - Demand appeared at 100 in Jul'22
Updated
Context - High volume MarkUp into 100-200 zone after 10 Year long causality in 50-100 zone
Up from Nov'20 to May'21 met supply at 190
Demand appeared at 100 in Jul'22
Plan -
to Purchase Breakout above 145
or, rejection indications near 100
PB 1x
PE 5x
ROCE 36%
Div 11%
Up from Nov'20 to May'21 met supply at 190
Demand appeared at 100 in Jul'22
Plan -
to Purchase Breakout above 145
or, rejection indications near 100
PB 1x
PE 5x
ROCE 36%
Div 11%
Trade active
NMDCUpdated Analysis - Earlier Levels are not relevant due to impact of corporate action
Plan ahead, to Purchase
on confirmation of Breakout above 120
or, rejection indications near 90
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