NMDC found support above 50-DMA on daily charts; time to buy?

“On the daily chart, the stock recently found support at the lower boundary of its symmetrical triangle pattern, suggesting a potential rebound towards the upper boundary. Traders can buy for a target of Rs 242-264 in the next few weeks,” Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.