NMDC - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 4.3

📊 Intraday Trading Analysis for NMDC

NMDC offers a compelling setup for intraday trading today, supported by strong fundamentals, bullish technical indicators, and a favorable valuation.

✅ Bullish Indicators

Valuation Edge

P/E (9.67) vs Industry PE (18.8): Undervalued.

Dividend Yield (3.37%): Attractive for holding.

PEG Ratio (-0.84): Reflects earnings volatility but still low valuation.

Strong Fundamentals

ROCE (29.6%) & ROE (23.6%): Excellent efficiency.

Debt-to-Equity (0.14): Low leverage.

Technical Momentum

RSI (57.5): Bullish zone, with room to rise.

MACD (0.69): Positive crossover — upward momentum.

Price > 50-DMA (₹69.8) & 200-DMA (₹69.7): Trend confirmation.

FII Holding ↑ (+0.49%): Institutional buying interest.

⚠️ Cautionary Signals

Volume (1.17 Cr) < Avg Vol (2.16 Cr): Needs stronger participation for sustained move.

Qtr Profit Decline: ₹1,477 Cr vs ₹1,880 Cr — mild earnings contraction.

DII Holding ↓ (-0.64%): Domestic selling pressure.

🔹 Intraday Strategy

📌 If Entering Fresh Today

Optimal Buy Price: ₹70.5–₹71.0 (on dip near support)

Profit-Taking Levels

Target 1: ₹73.0 (minor resistance)

Target 2: ₹74.5 (if volume improves midday)

Stop-Loss: ₹69.0 (below 50-DMA and psychological support)

📌 If Already Holding Today

Exit Signals

RSI drops below 55: Momentum fading

MACD flattens or turns negative

Price fails to hold above ₹71.0–₹71.5 by mid-session

Volume remains below 1.3 Cr with sideways price action

🧠 Final Thoughts

NMDC is a strong intraday candidate today, especially for momentum-based trades. The technical setup supports a move toward ₹74.5 if volume picks up. Ideal for breakout scalping with disciplined risk management.

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