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Sunday, July 24, 2016

NMDC | Buy Above 100.50

Price moved up after a downwards

consolidation and expected to give a

trendline breakout.

13 EMA 34 EMA and 55 EMA are in

bullish crossover.

Price moved above the 61.80% of the

previous fall and closed above that level

for two consecutive weeks. On the higher

end it may move towards 80% in the near

term.

Weekly RSI is in bullish crossover.

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