NMDC – Rounding Bottom Breakout | Retest Done

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NMDC – Rounding Bottom Breakout | Retest Done NMDC LimitedNSE:NMDCsatyam15NMDC – Rounding Bottom Breakout | Retest Done 🔁 NMDC Limited 📌 Trade / Swing Plan • CMP: ₹83 • SL: ₹58 (recent swing low) • Targets: ₹97 → ₹114 → ₹146 📍 Structure & Logic • Rounding bottom formed; breakout in April • Retest of breakout level completed • Stock has gone through long, slow consolidation (energy build-up) • With metal rally, price is again turning up • Confirmation above ₹96 (also near 61.8% level & recent high) • Pattern math: Depth ~₹64, Breakout ~₹81 → 81 + 64 ≈ ₹145 (near ATH) • Post-correction, small rounding bottom forming → adds conviction 🧠 Approach: This is a slow but potential big-trend setup. Patience + correct position sizing is critical to ride the move. ⚠️ Clarification: This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.