NMDC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of NMDC Ltd

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with strong short-term momentum

Bias: Positive, supported by price action above key moving averages and bullish RSI

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹72.2

200 DMA: ₹70.5

Current Price: ₹76.7

Price is above both DMAs → confirms bullish trend

Rising slope on both averages → momentum is strengthening

🔹 RSI (Relative Strength Index)

RSI: 66.8

Bullish zone, nearing overbought territory

Indicates strong buying interest but caution near ₹80+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 1.43

Positive MACD → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Could signal continuation if volume supports the move

🔹 Volume Trends

Current Volume: 1.72 crore

1-Week Avg Volume: 1.85 crore

Slightly below average → suggests mild consolidation

Watch for volume spike to confirm breakout above ₹80

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 74.0 Minor pullback zone

Support 2 72.2 50 DMA, strong base

Resistance 1 80.0 Immediate resistance

Resistance 2 82.8 52-week high, major breakout level

Resistance 3 86.0 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹74–₹75.5 (on pullback near support)

Exit Zone / Profit Booking: ₹82.8–₹86.0 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Slightly below average, but trend remains intact

🧭 Conclusion

NMDC is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, a positive MACD crossover, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹74 with targets around ₹82.8–₹86.0, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

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