NMDC breakout

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NMDC breakoutNMDC LimitedNSE:NMDCythakkar23Resistance Test: Price is currently at ₹93.21, right at the long‑term resistance zone near ₹93. This level has historically capped upward moves. Momentum: RSI (14) is at 66.5, showing moderately strong momentum but not yet in overbought territory. Volume: Weekly volume of 109M supports the recent surge, adding conviction to the breakout attempt. Trend Context: The stock has rallied from the ₹86 zone and is now pressing against resistance, suggesting a possible breakout continuation if buyers sustain strength. 🎯 Upside Targets (if breakout holds): Target 1: ₹100 – psychological round number & immediate extension Target 2: ₹108 – prior swing high zone Target 3: ₹120 – measured move projection from consolidation 🛡️ Stop Loss: Conservative: Below ₹86 (recent weekly low) Aggressive: Below ₹82 (support from prior base)