NMDC : RISK/REWARD 5:1

NMDC trading at 129 which is a Fibonacci retracement 0.618% of previous major swing from 162.70 to 74.80.
It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement.

Short at 128.95
Stop 131.65
Target 115

RISK/REWARD 5:1

Fibbonacci retracement 0.618%

Upper trendline as resistance

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Expect the #NMDC Donimalai mine case to get resolved in the next 3 months. - Karnataka Mines Secy

Yes Sir, take your time. Not in a hurry!

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NMDC made a low 118.10

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