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financewithpalak
Stock Bets
📊 NMDC (Daily Timeframe) – The "Rested Sprinter" Setup: After a massive rally from the 60s to 86s earlier this year, NMDC took a healthy 3-month breather to cool off. Think of it like a sprinter catching their breath before the next big dash!
🚀 Breakout: The stock just smashed out of its resting phase (what we call a 'Bullish Flag' pattern) backed by a massive surge in buying volume. This is the market’s clear signal that strong buyers are back in control.
🎯 Key Levels to Watch: We want to see it confidently cross its previous peak of 86.40 to confirm the next leg up. If it dips to retest, the 84.00 zone (its old ceiling) should act as a rock-solid new floor.
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Apr 14 1:56 PM
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