NMDC - Technical Analysis

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

Technical Rating: 4.3

Here’s a detailed technical breakdown of NMDC Ltd based on the provided data and current market indicators

📊 Trend Analysis

Current Price: ₹71.8 is above both the 50 DMA (₹69.8) and 200 DMA (₹69.7), indicating a short-term uptrend.

RSI (57.5): Neutral to mildly bullish. Not overbought or oversold.

MACD (0.69): Positive crossover suggests momentum is building.

Volume: Current volume is lower than average, which may indicate reduced conviction in the current move.

Conclusion: The stock is trending upward but with moderate momentum.

📈 Chart Patterns & Indicators

Bollinger Bands: Price is likely near the middle band, suggesting no breakout yet.

Support Levels

Strong support at ₹69.5–₹70 (DMA convergence zone)

Next support at ₹66.5 (previous swing low)

Resistance Levels

Immediate resistance at ₹73.5–₹74

Major resistance at ₹83 (52-week high)

🔍 Momentum Signals

Short-Term Buy Signal: MACD crossover + price above moving averages

Volume Divergence: Lower volume may limit upside unless buying interest picks up

RSI Trend: Rising but not overheated — room for further upside

🎯 Optimal Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 70.0 – 71.5 Near support, above DMA levels

Target Exit 74.0 – 76.0 First resistance zone

Stop Loss 68.5 Below 50 DMA and recent support

🔄 Market Phase

Status: Trending

Bias: Bullish with caution due to volume

Watch for: Breakout above ₹74 with volume for confirmation

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