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NMDC

9 Feb 202105:15 AM

NMDC is above the 20dma at 116.30, and closing above it, with the daily momentum in buy mode we could consider wave 3 in formation. Wave 2 was a zig-zag, and completed a 50% retracement. Now wave 3 and 1 would be equal to each other at 178.50. The immediate resistance is at 128.85

NMDC is above the 20dma at 116.30, and closing above it, with the daily momentum in buy mode we could consider wave 3 in formation.

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