NMDC :: Iron Ore Rebounds?
Updated
NMDC - Script sees a breach of Monthly Bearish GPZ alongside Quarterly Bearish GPZ making it a "HOT PIVOT LEVEL" to keep on radar!
- Money Zones are marked alongside in 3 different shades as per the analysis from FUNDFLUX.
- This "Pivot & Price" action is been seen as iron ore prices have rebounded after 2weeks of down-fall and are further expected to rise on the hope of rate cuts from the West and fresh stimulus from China.
- If the trajectory remains strong supported by the anticipated news that this script can see a potential upside of 15-30% on upper levels of 255/280/310.
News Article is provided below -
https://www.moneycontrol.com/news/world/iron-ore-nears-two-week-high-on-stimulus-bets-post-holiday-restocking-12599291.html
Note
Currenlty 11.18% and running in cash!
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