NMDC Ltd. - STILL BEARISH !!

NMDC Ltd.

The stock is moving in the upward channel and has taken a support from 100EMA in a daily chart.


RSI IS IN BELOW 60 & SEEMS NEUTRAL.
ADX IS FORMING A CURVE REPRESENTING A BEARISHNESS IN COMING DAYS.

***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH***
***TE BANDS ARE IN RED ZONE***

I belief that the weakness is likely to get extended below 81 level. 77 is the nearby support followed by 75.

KEEP AN EYE!!
#tradingedge_academy #SMTA_institute

***this is my personal view. Please take advice from your financial advisor before investing.